Manulife Announces Intention to Redeem 2.237% Fixed/Floating Subordinated Debentures

​Manulife Financial Corporation announced its intention to redeem at par on May 12, 2025 its entire outstanding C$1,000,000,000 principal amount of 2.237% Fixed/Floating Subordinated Debentures (the “Debentures”) due May 12, 2030. The Debentures are redeemable at MFC’s option on or after May 12, 2025 at a redemption price per Debenture equal to par, together with accrued and unpaid interest to but excluding the date of redemption. Formal notice will be delivered to holders of Debentures in accordance with MFC’s Trust Indenture.

Interest on the Debentures will cease to accrue on the redemption date.
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Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With its global headquarters in Toronto, Canada, the company provides financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Wealth & Asset Management, the company offers global investment, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2023, Manulife had more than 38,000 employees, over 98,000 agents, and thousands of distribution partners, serving over 35 million customers. Manulife trades as ‘MFC’ on the Toronto, New York, and Philippine stock exchanges and under ‘945’ in Hong Kong.