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Manulife Financial ( (TSE:MFC) ) has shared an update.
On January 29, 2025, Manulife Financial Corporation announced that it will not redeem its Non-cumulative Rate Reset Class 1 Shares Series 19, allowing shareholders the option to convert them into Series 20 shares on March 19, 2025. This decision, along with conditional approval from the Toronto Stock Exchange for listing the new shares, highlights Manulife’s strategic approach to shareholder engagement and its market adaptability. The conversion rights and conditions provided offer flexibility to investors and could influence the company’s stock liquidity and market perception.
More about Manulife Financial
Manulife Financial Corporation is a prominent international financial services provider with its global headquarters in Toronto, Canada. The company offers financial advice and insurance services under the Manulife brand in Canada, Asia, and Europe, and as John Hancock in the United States. Manulife Investment Management extends its services globally, catering to individuals, institutions, and retirement plan members. By the end of 2023, Manulife employed over 38,000 people and served more than 35 million customers worldwide.
YTD Price Performance: -0.98%
Average Trading Volume: 2,044,147
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $52.86B
For detailed information about MFC stock, go to TipRanks’ Stock Analysis page.
