Welcome to our dedicated page for Manulife Finl news (Ticker: MFC), a resource for investors and traders seeking the latest updates and insights on Manulife Finl stock.
Manulife Financial Corporation reports developments across its international insurance, financial advice, health solutions, and wealth and asset management businesses. The company operates as Manulife in Canada and Asia and primarily as John Hancock in the United States, with news commonly covering insurance distribution, retirement services, investment solutions, customer health and longevity initiatives, and community programs.
Recurring updates also include quarterly and annual results, dividend announcements, annual meeting materials, management information circulars, shareholder voting matters, executive conference participation, and capital actions involving common and preferred shares. News from John Hancock adds detail on U.S. insurance sales, executive benefits, the John Hancock Vitality program, and longevity-focused research and planning tools.
On November 15, 2021, John Hancock announced an expansion of its Vitality Program with the introduction of the Apple Watch Series 7 for life insurance customers. Vitality PLUS members can obtain the watch for as low as $25 plus tax by engaging in regular exercise. The Apple Watch promotes health management by tracking fitness metrics and encouraging wellness activities. A survey indicated that 85% of users feel motivated to exercise using the watch, enhancing customer engagement with the program. John Hancock aims to support healthier living through technology and incentives.
Manulife Investment Management has unified its private markets business under a single global brand, concluding a multi-year strategy. The firm now manages US$835 billion in assets, with US$58 billion in private equity and credit, and real assets, enhancing its sustainability focus through ESG integration. Hancock Natural Resource Group is rebranded as Manulife Investment Management Timberland and Agriculture Inc. This rebranding aims to drive future growth, leveraging diverse capabilities in timberland and agriculture across multiple geographies.
Manulife Financial Corporation (MFC) has completed a successful offering of $1.2 billion principal amount of 4.10% Limited Recourse Capital Notes Series 2. The offering included the issuance of 1,200,000 Non-Cumulative Fixed Rate Reset Class 1 Shares Series 28. The Notes are backed by assets in the Limited Recourse Trust, limiting recourse for noteholders in case of non-payment. The offering was facilitated by RBC Capital Markets, Scotiabank, and TD Securities and is not registered for sale in the U.S. This financial maneuver aims to support MFC's capital structure.
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John Hancock Investment Management has launched share classes A, C, I & R6 of the John Hancock Mid Cap Growth Fund following the successful merger with the John Hancock Mid Cap Stock Fund on October 15, 2021. This fund aims for long-term growth by investing at least 80% of its net assets in equity securities of mid-sized companies. Managed by Wellington Investment Management, the merger is expected to reduce expenses and enhance asset growth opportunities for shareholders.
Manulife has been notified of an unsolicited mini-tender offer from Obatan LLC to buy up to 500,000 shares, equating to about 0.026% of its common shares, at USD$15.60 per share. This price represents a discount of up to 21.80% compared to recent closing prices. Manulife advises shareholders to be cautious, highlighting the risks associated with mini-tender offers, which are often made below market value. It encourages shareholders to review the offer documents carefully and seek advice from their investment advisors before making decisions.
Manulife Financial Corporation (MFC) plans to issue $1.2 billion in 4.10% Limited Recourse Capital Notes Series 2, with a maturity date of March 19, 2082. The interest will be paid semi-annually until March 19, 2027, after which it will reset every five years based on the 5-year Government of Canada Yield plus 2.704%. MFC will also issue 1,200,000 Non-Cumulative Fixed Rate Reset Class 1 Shares Series 28 as part of this offering. The proceeds will be used for general corporate purposes.
Manulife Financial Corporation has declared a C$0.33 per share dividend for common shareholders, effective December 20, 2021, representing an 18% increase. This announcement follows the lifting of restrictions by the Office of the Superintendent of Financial Institutions (OSFI) on dividend increases. Additionally, Manulife plans to initiate a Normal Course Issuer Bid to repurchase up to 39 million common shares, approximately 2% of its outstanding shares, to enhance shareholder value while maintaining regulatory capital ratios.
Manulife Financial Corporation plans to redeem all 8,000,000 outstanding Non-cumulative Rate Reset Class 1 Shares Series 5 on December 19, 2021, at a price of C$25.00 each, totaling C$200 million. Shareholders will receive a final quarterly dividend of C$0.243188 per share, paid on or after the redemption date for those on record by December 1, 2021. After redemption, shareholders will lose entitlement to dividends. This strategic move reflects Manulife's ongoing financial management.
On November 3, 2021, Manulife Financial Corporation announced quarterly dividends for its preferred shares. The dividends, payable on or after December 19, 2021, include:
- Class A Shares Series 2 - $0.29063
- Class A Shares Series 3 - $0.28125
- Class 1 Shares Series 3 - $0.14675
- Class 1 Shares Series 4 - $0.09954
- Class 1 Shares Series 5 - $0.243188
- Class 1 Shares Series 7 - $0.2695
- Class 1 Shares Series 9 - $0.271938
- Class 1 Shares Series 11 - $0.295688
- Class 1 Shares Series 13 - $0.275875
- Class 1 Shares Series 15 - $0.236625
- Class 1 Shares Series 17 - $0.2375
- Class 1 Shares Series 19 - $0.229688
- Class 1 Shares Series 23 - $0.303125
- Class 1 Shares Series 25 - $0.29375