Toronto (November 28, 2016) – On November 26, 1996, Manulife Financial Corporation and Sinochem officially opened Manulife-Sinochem, the first foreign insurance joint venture in China. The then Canadian Prime Minister and the then Chinese Premier officiated at the ceremony in Shanghai.
Toronto (November 28, 2016) - Manulife Financial Corporation announced today that it has entered into an agreement to privately place U.S.$270 million principal amount of 3.527% senior notes due December 2, 2026 (the “Notes”). The Notes will bear interest at a fixed rate of 3.527% and will mature on December 2, 2026.
Hong Kong (November 25, 2016) — Isabella Lau, Chief Customer Officer of Manulife (International) Limited, was named Marketer of the Year and a winner of the Distinguished Marketing Leadership Awards at the Hong Kong Management Association (HKMA) and Television Broadcasts Ltd. (TVB) Awards for Marketing Excellence 2016, for her outstanding achievement and contribution to the marketing development of Manulife and the business community in Hong Kong.
Toronto (November 22, 2016) – Manulife Financial Corporation today announced that it has completed its offering of 19 million Non-cumulative Rate Reset Class 1 Shares Series 23 at a price of $25 per share to raise gross proceeds of $475 million.
Hong Kong (November 17, 2016) — Manulife (International) Limited (“Manulife Hong Kong”) has clinched three prestigious prizes at The Hong Kong Insurance Awards 2016 — namely the “Most Innovative Product/Service — Life Insurance (Health) Award”, “Outstanding MPF/Employees' Benefit Product/Service Award” and “Outstanding Online Platform — Life Insurance Award”.
Hong Kong (November 16, 2016) — Manulife (International) Limited and Standard Chartered Bank (Hong Kong) Limited today jointly hosted a ceremony to celebrate the beginning of their 15-year distribution partnership, which came into effect on November 1, 2016. The agreement will give Manulife the exclusive right to offer its Mandatory Provident Fund to Standard Chartered’s customers in Hong Kong.
Toronto (November 14, 2016) – Manulife Financial Corporation today announced a Canadian public offering of Non-cumulative Rate Reset Class 1 Shares Series 23 (“Series 23 Preferred Shares”). Manulife will issue 14 million Series 23 Preferred Shares priced at $25 per share to raise gross proceeds of $350 million.
Toronto (November 14, 2016) – Manulife Financial Corporation today announced that as a result of strong investor demand for its previously announced Canadian public offering of Non-cumulative Rate Reset Class 1 Shares Series 23, the size of the offering has been increased to 19 million shares.
Toronto (November 10, 2016) - Manulife Financial Corporation’s Board of Directors today announced a quarterly shareholders’ dividend of $0.185 per share on the common shares of Manulife Financial Corporation, payable on and after December 19, 2016 to shareholders of record at the close of business on November 22, 2016.
Toronto (November 10, 2016) – Manulife Financial Corporation today announced net income attributed to shareholders of $1,117 million for the third quarter of 2016, fully diluted earnings per common share of $0.55 and return on common shareholders’ equity of 11.1%, compared with $622 million, $0.30, and 6.5%, respectively, for the third quarter of 2015.