Manulife (TSX: MFC) resets dividend rates on Series 3 and 4 prefs

Rhea-AI Filing Summary

Manulife Financial Corporation has set new dividend rates for its preferred shares Series 3 and Series 4 effective June 20, 2026. Series 3 will pay a fixed dividend of 4.64000% per annum, or $0.290000 per share each quarter, until June 19, 2031. Series 4 will pay a floating dividend of 0.94092% for the first three‑month period to September 19, 2026, equal to 3.73300% annualized, or $0.235230 per share. Holders of Series 3 and Series 4 shares who wish to convert must instruct their broker by 5:00 p.m. Toronto time on June 4, 2026.

Insights

Preferred securities analyst

Manulife fixes a 5‑year rate on Series 3 and floats Series 4 off short-term Canada yields.

Manulife has reset its Series 3 preferred shares to a fixed 4.64000% coupon for the five-year period starting June 20, 2026, based on the five-year Government of Canada bond yield plus a 1.41% spread. This gives investors predictable income until June 19, 2031.

The Series 4 preferred shares will continue to float, with the next three-month dividend period paying 3.73300% annualized, also at a 1.41% spread, but over the three‑month Treasury bill yield. Investors can choose between fixed and floating exposure by the June 4, 2026 conversion deadline, with actual impact depending on future interest rate movements.

Key Figures

Series 3 dividend rate: 4.64000% per annum Series 3 quarterly dividend: $0.290000 per share Series 4 3‑month rate: 0.94092% for period +4 more

7 metrics

Series 3 dividend rate 4.64000% per annum Fixed rate from June 20, 2026 to June 19, 2031

Series 3 quarterly dividend $0.290000 per share Non-cumulative cash dividend each quarter in the 5-year period

Series 4 3‑month rate 0.94092% for period Three-month period June 20, 2026 to September 19, 2026

Series 4 annualized rate 3.73300% annualized Equivalent annual rate for the same three‑month period

Series 4 dividend amount $0.235230 per share Floating cash dividend for June 20 to September 19, 2026

Employees More than 37,000 Company-wide headcount at end of 2025

Customers served Over 37 million Customers across 25 markets as of end of 2025

Key Terms

Non-cumulative Rate Reset, Non-cumulative Floating Rate, Insurance Companies Act (Canada), Government of Canada bond yield, +1 more

5 terms

Non-cumulative Rate Reset financial

"announces Dividend Rates on Non-cumulative Rate Reset Class 1 Shares Series 3"

Non-cumulative Floating Rate financial

"Non-cumulative Floating Rate Class 1 Shares Series 4"

Insurance Companies Act (Canada) regulatory

"subject to the provisions of the Insurance Companies Act (Canada)"

Government of Canada bond yield financial

"sum of the five-year Government of Canada bond yield as at May 21, 2026, plus 1.41%"

Regulation S regulatory

"“U.S. person” (as defined in Regulation S under the Securities Act)"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2026

Commission File Number: 1-14942

MANULIFE FINANCIAL CORPORATION

(Translation of registrant's name into English)

200 Bloor Street East

North Tower 10

Toronto, Ontario, Canada M4W 1E5

(416) 926-3000

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ¨ Form 40-F x

DOCUMENTS FILED AS PART OF THIS FORM 6-K

The following documents, filed as exhibits to this Form 6-K, are incorporated by reference as part of this Form 6-K:

Exhibit			Description of Exhibit
99.1			News release dated May 21, 2026 Manulife Financial Corporation announces Dividend Rates on Non-cumulative Rate Reset Class 1 Shares Series 3 and Non-cumulative Floating Rate Class 1 Shares Series 4

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			MANULIFE FINANCIAL CORPORATION
			By:			/s/ Scott MacIntosh
			Name:			Scott MacIntosh
			Title:			Assistant Corporate Secretary
Date: May 21, 2026

EXHIBIT 99.1

News
C$ unless otherwise stated                    TSX/NYSE/PSE: MFC SEHK: 945
For Immediate Release
May 21, 2026

Manulife Financial Corporation announces Dividend Rates on Non-cumulative Rate Reset Class 1 Shares Series 3 and Non-cumulative Floating Rate Class 1 Shares Series 4

TORONTO – Manulife Financial Corporation (“Manulife”) today announced the applicable dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 3 (the “Series 3 Preferred Shares”) (TSX: MFC.PR.F) and Non-cumulative Floating Rate Class 1 Shares Series 4 (the “Series 4 Preferred Shares") (TSX: MFC.PR.P).

With respect to any Series 3 Preferred Shares that remain outstanding after June 19, 2026, holders thereof will be entitled to receive fixed rate non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors (the “Board”) of Manulife and subject to the provisions of the Insurance Companies Act (Canada). The dividend rate for the five-year period commencing on June 20, 2026, and ending on June 19, 2031, will be 4.64000% per annum or $0.290000 per share per quarter, being equal to the sum of the five-year Government of Canada bond yield as at May 21, 2026, plus 1.41%, as determined in accordance with the terms of the Series 3 Preferred Shares.

With respect to any Series 4 Preferred Shares that remain outstanding after June 19, 2026, holders thereof will be entitled to receive floating rate non-cumulative preferential cash dividends on a quarterly basis, calculated on the basis of actual number of days elapsed in each quarterly floating rate period divided by 365, as and when declared by the Board of Manulife and subject to the provisions of the Insurance Companies Act (Canada). The dividend rate for the three-month period commencing on June 20, 2026, and ending on September 19, 2026, will be 0.94092% (3.73300% on an annualized basis) or $0.235230 per share, being equal to the sum of the three-month Government of Canada Treasury bill yield as at May 21, 2026, plus 1.41%, as determined in accordance with the terms of the Series 4 Preferred Shares.

Beneficial owners of Series 3 Preferred Shares and Series 4 Preferred Shares who wish to exercise their right of conversion should instruct their broker or other nominee to exercise such right before 5:00 p.m. (Toronto time) on June 4, 2026. The news release announcing such conversion right was issued on May 4, 2026 and can be viewed on SEDAR+ or Manulife’s website. Conversion inquiries should be directed to Manulife’s Registrar and Transfer Agent, TSX Trust Company (Canada), at 1-800-783-9495.

The Series 3 Preferred Shares and the Series 4 Preferred Shares have not been and will not be registered in the United States under the United States Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly in the United States or to, or for the account or benefit of, a “U.S.

EXHIBIT 99.1

person” (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or a solicitation to buy securities in the United States and any public offering of the securities in the United States must be made by means of a prospectus.

About Manulife

Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as ‘MFC’ on the Toronto, New York, and Philippine stock exchanges, and under ‘945’ on the Hong Kong stock exchange. Not all offerings are available in all jurisdictions. For additional information, please visit https://www.manulife.ca/.

Media Relations: Fiona McLean Manulife 437-441-7491 fiona_mclean@manulife.com Investor Relations: Derek Theobalds Manulife 416-254-1774 derek_theobalds@manulife.com

FAQ

What new dividend rate did Manulife (MFC) set for its Series 3 preferred shares?

Manulife set a fixed dividend rate of 4.64000% per annum on its Series 3 preferred shares, paying $0.290000 per share quarterly from June 20, 2026 to June 19, 2031, based on the five-year Government of Canada bond yield plus 1.41%.

What is the new floating dividend rate for Manulife (MFC) Series 4 preferred shares?

For Series 4 preferred shares, Manulife set a floating dividend rate of 0.94092% for the three months from June 20 to September 19, 2026, equal to 3.73300% annualized, or $0.235230 per share, based on the three‑month Treasury bill yield plus 1.41%.

When is the conversion deadline for Manulife Series 3 and Series 4 preferred shares?

Beneficial owners of Manulife’s Series 3 and Series 4 preferred shares must instruct their broker to exercise the conversion right by 5:00 p.m. Toronto time on June 4, 2026. After this deadline, their shares will remain in their existing series for the next rate period.

How are Manulife Series 3 and Series 4 preferred share dividends calculated?

Series 3 dividends are fixed at 4.64000% per year for five years, paying $0.290000 quarterly. Series 4 dividends float each quarter, calculated using actual days over 365, at the three‑month Government of Canada Treasury bill yield plus a 1.41% spread, reset every period.

Can Manulife Series 3 and Series 4 preferred shares be offered or sold in the United States?

The Series 3 and Series 4 preferred shares are not registered under the U.S. Securities Act of 1933 and related state laws. They may not be offered, sold, or delivered in the United States or to U.S. persons without registration or a valid exemption from registration requirements.

What scale of business does Manulife (MFC) operate as of the end of 2025?

At the end of 2025, Manulife had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers across 25 markets globally, highlighting its position as a large international financial services provider headquartered in Toronto, Canada.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 11.6 KB