Manulife Leaves Series 3 and 4 Preferreds Outstanding, Opens June Conversion Window

Manulife Financial ( (TSE:MFC) ) has provided an update.

Manulife Financial Corporation, a major global provider of insurance, wealth and asset management, and health and retirement solutions, operates across Canada, Asia and the U.S. under the Manulife and John Hancock brands. The company is listed in Toronto, New York, the Philippines and Hong Kong, and ended 2025 with over 37,000 employees and 106,000 agents serving tens of millions of clients worldwide.

On April X, 2026, Manulife announced it would not redeem its outstanding Series 3 and Series 4 Class 1 preferred shares on June 19, 2026, triggering shareholder conversion options between the fixed-rate Series 3 and floating-rate Series 4 shares on a one-for-one basis. Investors have until June 4, 2026, to instruct conversions, which may be overridden by automatic conversions if either series falls below 1 million shares outstanding, with new dividend rates for both series to be set and disclosed on May 21, 2026, shaping income expectations for preferred shareholders.

The most recent analyst rating on (TSE:MFC) stock is a Buy with a C$61.00 price target. To see the full list of analyst forecasts on Manulife Financial stock, see the TSE:MFC Stock Forecast page.

Spark’s Take on MFC Stock

According to Spark, TipRanks’ AI Analyst, MFC is a Outperform.

The score is driven primarily by improving fundamentals (recovered profitability, moderate leverage, stronger cash generation) and a constructive earnings-call outlook with solid capital returns and reaffirmed 2027 targets. This is moderated by mixed technical momentum (negative MACD, elevated stochastic) and some execution/volatility risks flagged on the call (Global WAM outflows and U.S. earnings pressure).

To see Spark’s full report on MFC stock, click here.

More about Manulife Financial

Manulife Financial Corporation is a leading international financial services provider headquartered in Toronto, Canada, operating as Manulife in Canada and Asia and primarily as John Hancock in the United States. The company offers financial advice, insurance, health solutions, and global wealth and asset management, serving more than 37 million customers across 25 markets through a large employee, agent, and distribution partner base.

YTD Price Performance: 7.81%

Average Trading Volume: 6,232,462

Technical Sentiment Signal: Buy

Current Market Cap: C$89.2B

See more data about MFC stock on TipRanks’ Stock Analysis page.