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Manulife Financial Fortifies its Capital Position with $2.5 Billion Common Equity Raise
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Manulife Financial Fortifies its Capital Position with $2.5 Billion Common Equity Raise
11/18/2009
TORONTO (Nov 18, 2009)–Manulife Financial Corporation (MFC) today announced that it will issue $2,500,400,000 in common equity in a bought deal arranged by Scotia Capital Inc. and RBC Dominion Securities Inc. Upon closing, The Manufacturers Life Insurance Company (MLI) will have access to the highest level of capital since MFC became a public company.
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