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 (MFC) is an international financial services and direct life insurance company headquartered in Toronto, Canada, with shares listed on the Toronto, New York, and Philippine stock exchanges and under 945 in Hong Kong. This news page aggregates company‑related announcements, allowing investors and observers to review Manulife’s publicly reported developments in one place.
Manulife’s news flow covers a broad range of topics that reflect its role in life insurance, financial advice, and wealth and asset management. Recent releases include strategic sustainability initiatives such as the launch of Manulife Impact Forests, a global network of restoration sites in countries including Canada, the United States, Cambodia, Japan, and the Philippines, developed with community partners and veritree’s Smart Forest technology. Other updates highlight technology partnerships and AI adoption, including a multi‑year agreement with Adaptive ML to support Manulife’s enterprise AI platform and the deployment of AI‑enabled tools in areas like underwriting, customer service, and digital applications.
Investors can also find information on capital markets activity, such as the pricing of U.S. public offerings of senior notes, rating agency actions on Manulife and its subsidiaries, and communications about shareholder matters, including quarterly dividend declarations and responses to unsolicited mini‑tender offers. Operational and financial performance updates, including quarterly results, segment performance in Asia, Canada, the United States, and Global Wealth & Asset Management, and strategic acquisitions in asset management and insurance markets, are regularly reported through news releases.
By following this page, readers can review Manulife’s official communications on its strategy, financial performance, sustainability projects, AI initiatives, and shareholder information, based on the company’s own published news and regulatory disclosures.
Summary not available.
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
Manulife Financial Corporation has declared a quarterly dividend of $0.28 per share on its common shares. This dividend is payable from December 20, 2021, to shareholders recorded by close of business on December 1, 2021. The company will facilitate the purchase of common shares under its Canadian and U.S. Dividend Reinvestment and Share Purchase Plans at market prices. As of September 30, 2021, Manulife reported CAD$1.4 trillion in assets under management and administration.
Manulife Financial Corporation reported its third quarter 2021 results, showing a net income of $1.6 billion, down $476 million from Q3 2020. Despite this decline, core earnings increased 10% year-over-year to $1.5 billion, driven by higher net fee income and new business gains. New business value was $539 million, up 22%, while annualized premium equivalent sales rose 5% to $1.4 billion. Global Wealth and Asset Management net inflows reached $9.8 billion, a significant improvement from last year's outflows.
On October 29, 2021, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable to all shareholders on record as of October 12, 2021. This distribution is part of the Fund's managed distribution plan, which aims to provide consistent monthly payments. The distribution sources include 60% from net investment income and a return of capital, indicating that part of the distribution may be a return of the shareholders' investments. The total cumulative distributions for the fiscal year have reached $1.1688 per share.