Xin Lang Cai Jing·2026-02-20 00:56Core Viewpoint - Manulife Financial Corporation has received approval from the Toronto Stock Exchange to initiate a "Normal Course Issuer Bid" plan, allowing the company to repurchase and cancel up to 42 million common shares, representing approximately 2.5% of its issued and outstanding common shares [1] Group 1 - The "Normal Course Issuer Bid" plan permits Manulife to repurchase up to 1,483,481 common shares on any trading day, which is 25% of the average daily trading volume of 5,933,925 common shares over the six months ending January 31, 2026 [1] - The repurchase can commence on February 24, 2026, and will continue until the bid expires on February 23, 2027, or until the repurchase is completed earlier [1] - The plan is part of Manulife's capital management strategy aimed at maintaining a strong regulatory capital ratio while also creating value for shareholders [1] Group 2 - Repurchases under the "Normal Course Issuer Bid" plan can be executed through the Toronto Stock Exchange, New York Stock Exchange, and other designated trading systems in Canada and the U.S. at market prices or other approved prices [2] - All common shares repurchased by Manulife will be cancelled [2] - All repurchase transactions must comply with applicable Canadian securities laws and U.S. federal securities laws [2]