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.
John Hancock, a division of Manulife (NYSE: MFC), has launched its 14th annual MLK Scholars Program, the largest corporate summer jobs initiative in the U.S. Designed to provide summer employment and financial education, the program aims to prepare over 600 Boston youth for their financial futures. A recent study revealed that 77% of participants felt more confident in managing their finances post-program. The initiative, funded by $1.2 million, collaborates with local organizations and includes virtual personal development workshops.
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On June 29, 2021, Manulife Financial Corporation hosted its Investor Day, focusing on strategies for growth in Asia and Global Wealth and Asset Management. Key presentations highlighted achieving significant targets ahead of schedule, including $5.9 billion in capital release and $1 billion in expense savings. Manulife aims to generate 75% of core earnings from its highest potential businesses by 2025. The company is committed to customer-centricity and enhanced digital capabilities, having invested over $750 million since 2018. Future goals include maintaining 10-12% annual Core EPS growth.
Manulife Investment Management announced the acquisition of TriVista on Speer, a luxury multifamily property in Denver, Colorado, for $144.5 million. This seven-story building features 322 units with large floorplans and high-end amenities, catering to young professionals. Strategically located in the Golden Triangle neighborhood, it is over 90% occupied and provides easy access to numerous employment opportunities. The acquisition aligns with Manulife's goal to expand its real estate portfolio in economically vibrant regions.
Manulife warns investors about an unsolicited mini-tender offer from Obatan LLC to buy up to 500,000 common shares at USD$12.00 each, representing a discount of approximately 38% from recent market prices. The offer is below market value, prompting concerns as mini-tender offers can mislead shareholders. Manulife advises investors to review the offer carefully and consult with their advisors. The company is not affiliated with Obatan and does not endorse the offer.
John Hancock Retirement, part of Manulife Investment Management, has launched a new retirement app designed for plan participants. This fully transactional app allows users to enroll, view account details, and adjust contributions easily. The app aims to enhance engagement by providing personalized financial guidance, helping users set retirement goals, and reducing anxiety related to financial planning. As of March 31, 2021, John Hancock services over 52,000 retirement plans for more than 3 million participants, managing over $212 billion in assets.
John Hancock has partnered with Nasdaq Fund Network to register its collective investment trusts (CITs) on Nasdaq's platform. Each CIT will receive a unique Nasdaq ticker, enhancing their discoverability and access to information for financial professionals. Launched in response to institutional demand, these tax-exempt pooled investment vehicles aim to offer clients transparency similar to mutual funds. With assets managed by Manulife Investment Management, John Hancock manages approximately CAD$1.3 trillion.
Manulife Investment Management, a global leader in real estate asset management, announced its strategy to achieve an 80% reduction in greenhouse gas emissions for its real estate assets by 2050. The firm has implemented a comprehensive approach focusing on efficiency, fuel switching, onsite renewables, and carbon offsets. This initiative is part of a broader Climate Action Plan aiming for a 35% reduction in emissions by 2035. With real estate holdings totaling 63 million square feet, Manulife prioritizes sustainability and accountability in its operations.
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On June 7, 2021, Manulife Financial Corporation reported the results of its preferred share conversion privileges. A total of 812,380 Series 3 Preferred Shares will convert to Series 4 shares on June 19, 2021, while 1,014,452 Series 4 shares will revert to Series 3 shares. Post-conversion, there will be 6,537,903 Series 3 and 1,462,097 Series 4 shares outstanding. The dividend for Series 3 will be fixed at 2.34800% annually and for Series 4 at 0.38363% for the first three months following the conversion. The shares are not registered in the U.S. under the Securities Act.
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