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Manulife Financial ( (TSE:MFC) ) just unveiled an announcement.
Manulife Financial has received Toronto Stock Exchange approval to launch a normal course issuer bid allowing it to repurchase and cancel up to 42 million common shares, about 2.5% of its outstanding stock, between February 24, 2026 and February 23, 2027. The program gives Manulife flexibility to adjust its capital structure while aiming to maintain strong regulatory ratios and enhance shareholder value.
Shares may be bought through Canadian and U.S. exchanges, alternative trading systems, private agreements at discounts, and derivative-based programs, with all purchases capped at 42 million shares. An automatic share purchase plan with a designated broker, pre-cleared by the TSX, will enable repurchases even during blackout periods, potentially smoothing execution and signaling confidence in the company’s financial position.
More about Manulife Financial
Manulife Financial Corporation is a global financial services group that primarily operates in the insurance, wealth management, and asset management sectors. Listed on exchanges in Toronto, New York, the Philippines, and Hong Kong, it focuses on providing protection and investment solutions to retail and institutional clients across North America and Asia.
Learn more about MFC stock on TipRanks’ Stock Analysis page.