Manulife Finl Stock Price, News & Analysis

Manulife Financial Corporation (MFC) has announced plans to issue $500 million in subordinated debentures with a maturity date of May 23, 2035. The debentures will feature a fixed interest rate of 3.983% until May 23, 2030, after which it will switch to a floating rate of 1.32% over Daily Compounded CORRA. The offering is being managed by a syndicate co-led by RBC Capital Markets, Scotiabank, and TD Securities, with an expected closing date of May 23, 2025.

Subject to regulatory approval, MFC may redeem the debentures wholly or partially after May 23, 2030 at par value plus accrued interest. The company plans to use the proceeds for general corporate purposes, including subsidiary investments and potential redemption of existing securities.

Manulife Investment Management has announced the formation of Lakefront Fiber, LLC, a joint venture with Midwest Fiber Networks (MWFN). The new entity will focus on providing connectivity solutions for hyperscale, carrier, and municipal customers, leveraging MWFN's established position as a regional fiber developer and operator.

Concurrent with its formation, Lakefront Fiber completed its first transaction, acquiring network assets from Everstream in Illinois. This acquisition adds 650 route miles to its network, enhancing its capability to provide high-capacity fiber connectivity across key Midwest markets.

The partnership represents an expansion of Manulife's digital infrastructure strategy, focusing on critical fiber assets backed by long-term contracts with creditworthy counterparties.

Manulife Investment Management (MFC) has appointed Brent McGowan as Global Head and Chief Investment Officer of Agriculture. McGowan, with 30 years of experience in the food and agricultural industry, returns to Manulife IM after previously serving as their Global Head of Agricultural Operations. He most recently held the position of Chief Operating Officer at Novus Ag.

The company's agricultural business manages $4.2 billion in assets and oversees 400,000 acres across Australia, Canada, Chile, and the United States. Oliver Williams, the former Global Head of Agriculture Investments, will transition to a strategic advisor role to ensure continuity.

As one of the world's leading natural capital investment managers, Manulife IM's agriculture platform offers customized, vertically integrated, sustainable agricultural investment solutions across various commodity types and agriculture "plus" investments.

Manulife Financial Corporation (MFC) announced the election results of 13 directors at its Annual Meeting of Shareholders. All nominated directors were successfully elected with overwhelming shareholder support, receiving approval rates ranging from 97.10% to 99.82% of votes cast.

Notable elections include John S. Montalbano and Philip J. Witherington, who received the highest approval rates at 99.82%, while Donald R. Lindsay received the lowest, though still strong, approval rate at 97.10%. The detailed voting results for all matters discussed at the Annual Meeting will be available on Manulife's website and filed with Canadian and U.S. securities regulators.

Manulife Financial Corporation (MFC) has announced quarterly dividend payments for its non-cumulative preferred shares. The dividends will be payable on or after June 19, 2025 to shareholders of record as of May 21, 2025. The dividend rates vary across different share classes:

- Class A Series 2: $0.29063 per share - Class A Series 3: $0.28125 per share - Class 1 Series (ranging from 3 to 25): $0.14675 to $0.396875 per share

This announcement demonstrates Manulife's commitment to providing regular returns to its preferred shareholders.

Manulife (MFC) has announced its latest quarterly dividend for common shareholders. The company's Board of Directors has declared a dividend of $0.44 per share, which will be payable on June 19, 2025, to shareholders of record as of May 21, 2025.

Regarding the company's Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, Manulife will purchase common shares from the open market for dividend reinvestment and optional cash purchases. The purchase price will be determined by the average actual cost of acquiring these shares, with no applicable discounts offered.

Manulife (MFC) reported Q1 2025 results with mixed performance. Core earnings were $1.8 billion, down 1% YoY, while net income decreased to $0.5 billion from $0.9 billion in Q1 2024. The company achieved record insurance new business results, with APE sales up 37%, new business CSM up 31%, and NBV up 36%. Core EPS increased 3% to $0.99, while maintaining a strong LICAT ratio of 137%. Key segment performance: • Asia: Strong growth with core earnings up 7%, NBV up 43% • Global WAM: Core earnings up 24%, net inflows of $0.5B (down from $6.7B) • Canada: Core earnings up 3%, NBV up 15% • U.S.: Core earnings down 25%, NBV up 30% Notable developments include completing a long-term care reinsurance transaction, launching new digital retirement solutions, and renewing a key bancassurance partnership in the Philippines. The company maintained a solid financial position with a 23.9% leverage ratio and 12% growth in book value per share.

Manulife (MFC) has released its 2024 Sustainability Report and Public Accountability Statement, highlighting several key initiatives. The company launched a US$480 million Forest Climate Fund and partnered with Uplink to support longevity innovation through annual challenges, offering $50,000 to each of ten winning startups. Notable partnerships include collaborations with MIT AgeLab for longevity research, CAMH for women's mental health research, and Mind HK for mental health awareness.

The company expanded its financial literacy programs, including the Smart$ense campaign in the US, and established Responsible AI Principles to ensure ethical AI development. Serving over 36 million customers globally, Manulife focuses on three main areas: empowering health and wellbeing, driving inclusive economic opportunity, and accelerating a sustainable future.

Manulife Financial (MFC) has announced it will release its first quarter 2025 financial results after market close on Wednesday, May 7, 2025. The company will host a live webcast and conference call on Thursday, May 8, 2025, at 8:00 a.m. (ET), where the executive leadership team will discuss the results and conduct a Q&A session with analysts.

The conference call can be accessed via phone at 1-800-806-5484 or 1-416-340-2217 (Passcode: 3499479#). The archived webcast will be available on Manulife's investor relations website, and a replay will be accessible until June 7, 2025, by dialing 1-800-408-3053 or 1-905-694-9451 (Passcode: 9456881#).