|
| Manulife Financial Corporation announces Preferred Share issue | TORONTO (May 16, 2012) – Manulife Financial Corporation (“Manulife”) today announced a Canadian public offering of Non-cumulative Rate Reset Class 1 Shares Series 9 (“Series 9 Preferred Shares”). Manulife will issue 10 million Series 9 Preferred Shares priced at $25 per share to raise gross proceeds of $250 million. The offering will be underwritten by a syndicate of investment dealers co-led by Scotiabank, CIBC and RBC Capital Markets and is anticipated to qualify as Tier 1 capital for Manulife. The expected closing date for the offering is May 24, 2012. Manulife intends to file a prospectus supplement to its September 3, 2010 base shelf prospectus in respect of this issue. learn more |
|
| Manulife Financial reports 1Q12 income of $1.2 billion and 35 per cent growth in insurance sales, including all-time record in Asia | TORONTO (May 03, 2012) – Manulife Financial Corporation (“MFC”) reported today net income attributed to shareholders of $1,206 million for the first quarter ended March 31, 2012. The quarter’s performance reflects strong markets, growth in insurance sales and strengthened underlying earnings compared to the fourth quarter of 2011. Fully diluted earnings per share, excluding convertible instruments, were $0.66 and return on common shareholders’ equity was 21 per cent. learn more |
|