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.
Manulife Financial (TSX/NYSE/PSE: MFC) has announced it will release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 19, 2025. The company will host a live webcast and conference call on Thursday, February 20, 2025, at 8:00 a.m. ET, where executive leadership will discuss results and conduct a Q&A session with analysts.
The conference call can be accessed via 1-800-806-5484 or 1-416-340-2217 (Passcode: 8414068#). The archived webcast will be available on Manulife's investor website, and a replay will be accessible until March 22, 2025, by calling 1-800-408-3053 or 1-905-694-9451 (Passcode: 7315507#).
Manulife Investment Management has announced the final close of its Manulife Forest Climate Fund with $480.1 million in commitments from U.S. investors, corporates, and global institutional investors. The fund aims to promote climate change mitigation through sustainably managed forests, prioritizing carbon sequestration over timber production.
The fund has already acquired over 150,000 acres and is approaching 50% deployment, with three key acquisitions: Eagle Cap in Oregon/Washington, Siscowet in Michigan, and Oak Bluff across Mississippi, Louisiana, and Arkansas. The fund targets sequestering over 6 million tons of carbon dioxide over its term, offering investors high-quality carbon credits with annual optionality for in-kind distributions or offset sales.
As the world's leading timberland investment manager with over five million acres under management, Manulife IM continues to expand its $100 billion diversified private markets platform, focusing on natural climate solutions to drive impact and results for clients.
Manulife Investment Management (MFC) has appointed Ryan Hanna as Global Chief Operating Officer of Private Markets. Hanna will oversee the company's $100 billion diversified private markets platform, which includes infrastructure, real estate, private equity, private credit, timberland, and agriculture investments.
Based in New York and reporting to Anne Valentine Andrews, Global Head of Private Markets, Hanna brings nearly two decades of experience to the role. He will focus on scaling Manulife IM's private markets business and implementing strategic growth initiatives. Previously, Hanna held senior positions at GCM Grosvenor, including co-head of the Global Client Group, where he managed capital formation, investor relations, and platform expansion.
The appointment aligns with Manulife IM's commitment to expanding its global private markets platform to meet increasing demand from institutional and individual investors seeking portfolio diversification through private market investments.
Manulife (MFC) has successfully completed its previously announced reinsurance transaction with Reinsurance Group of America (RGA), covering two blocks of legacy business, including a younger block of long-term care (LTC) insurance. This marks Manulife's second significant LTC reinsurance transaction, demonstrating the company's prudent approach to LTC reserves and assumptions.
According to CEO Roy Gori, this strategic move aligns with Manulife's commitment to enhancing shareholder value and restructuring its portfolio towards higher returns with lower risk profiles. The company has now successfully reinsured both mature and younger LTC blocks.
John Hancock Investment Management, a Manulife Wealth and Asset Management company (MFC), has launched two new actively managed ETFs: John Hancock Core Bond ETF (JHCR) and John Hancock Core Plus Bond ETF (JHCP). Both ETFs are subadvised by Manulife Investment Management and managed by the U.S. Core and Core-Plus Fixed Income team with nearly 50 years of combined experience.
JHCR aims for high current income with capital preservation, while JHCP seeks high current income with prudent investment risk. The company's ETF suite now totals 16 funds with over $7.3 billion in assets under management, covering various investment strategies including preferred income, mortgage-backed securities, bonds, and equity portfolios.
Manulife Financial has announced the Board's decision to re-appoint Ernst & Young LLP (EY) as its external auditor following a comprehensive tender process conducted in 2024. The selection process evaluated submissions from EY and two other global audit firms, with oversight from the Board's Audit Committee.
The decision came after Manulife's 2021 announcement to conduct an audit tender following the first annual audit cycle post-IFRS 17 Insurance Contracts adoption. EY's selection was based on their independence, commitment to audit quality, and their global team's qualifications suited to Manulife's complex business. The formal appointment will be submitted for shareholder approval at the Annual Meeting.
Manulife has issued a warning to investors regarding an unsolicited mini-tender offer from New York Stock and Bond to purchase up to 50,000 Manulife common shares (less than 0.003% of outstanding shares) at USD$12.50 per share. The company emphasizes that this offer represents a significant discount of approximately 61% below current market prices on both TSX and NYSE.
The company highlights that mini-tender offers, which target less than 5% of outstanding shares, often bypass standard securities regulations disclosure requirements. Both the Canadian Securities Administrators and SEC have expressed concerns about such offers, particularly regarding investors potentially accepting without understanding the price disparity with market values.
Manulife Financial announced that holders of Series 17 Preferred Shares cannot convert to Series 18 Preferred Shares due to insufficient conversion elections. Only 6,650 shares were elected for conversion, below the required minimum of one million shares.
After December 19, 2024, Series 17 Preferred Share holders will receive fixed rate non-cumulative preferential cash dividends quarterly, subject to Board declaration. The dividend rate for December 20, 2024 to December 19, 2029 will be 5.54200% per annum or $0.346375 per share per quarter, based on the five-year Government of Canada bond yield plus 2.36%.
Manulife may redeem the Series 17 Preferred Shares, wholly or partially, on December 19, 2029 and every five years thereafter, subject to conditions.
Manulife has announced that President and CEO Roy Gori will participate in a fireside chat with TD Securities Analyst Mario Mendonca. The event is scheduled for Tuesday, December 10, 2024, beginning at 3:00 p.m. ET.
The discussion will be accessible through a live stream on Manulife's Investor Relations website, with a replay option available for three months following the event. This engagement represents an opportunity for investors and stakeholders to gain insights into Manulife's strategy and operations directly from its top executive.
Manulife Financial (MFC) has announced plans to issue $1 billion in subordinated debentures due December 6, 2034. The debentures will carry a fixed interest rate of 4.064% until December 6, 2029, after which the rate will shift to 1.25% over Daily Compounded CORRA.
The offering is being managed by a syndicate co-led by RBC Capital Markets, CIBC Capital Markets, and Scotiabank, with an expected closing date of December 6, 2024. Subject to regulatory approval, MFC may redeem the debentures wholly or partially after December 6, 2029 at par value plus accrued interest. The company plans to use the proceeds for general corporate purposes, including subsidiary investments and potential future securities redemptions.