Manulife Financial Corporation announced it will not redeem its outstanding Series 3 and Series 4 Preferred Shares on June 19, 2026, granting holders the right to convert between the series.
Key takeaways
Manulife will not redeem 6,537,903 Series 3 or 1,462,097 Series 4 Preferred Shares on June 19, 2026.
Holders may convert Series 3 and Series 4 shares on a one-for-one basis on June 19, 2026.
Conversion instructions must be submitted to brokers by 5:00 p.m. Toronto time on June 4, 2026.
Automatic conversion triggers if outstanding shares in a series fall below 1,000,000.
Dividend rates for the subsequent periods will be announced via news release on May 21, 2026.