Manulife Financial Corporation announces Dividend Rates on Non-cumulative Rate Reset Class 1 Shares Series 9 and Non-cumulative Floating Rate Class 1 Shares Series 10
C$ unless otherwise stated TSX|NYSE|PSE: MFC SEHK: 945 TORONTO , Aug. 22, 2022 |CNW| - Manulife Financial Corporation ("Manulife") today announced the applicable dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 9 (the "Series 9 Preferred Shares") (TSX: MFC.PR.I) and Non-cumulative Floating Rate Class 1 Shares Series 10 (the "Series 10 Preferred Shares"). With respect to any Series 9 Preferred Shares that remain outstanding after September 19, 2022, holders thereof will be entitled to receive fixed rate non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Manulife and subject to the provisions of the Insurance Companies Act ( Canada ). The dividend rate for the five-year period commencing on September 20, 2022, and ending on September 19, 2027, will be 5.97800% per annum or $0.373625 per share per quarter, being equal to the sum of the five-year Government of Canada bond yield as at Full story available on Benzinga.
Manulife Financial Corporation announces Dividend Rates on Non-cumulative Rate Reset Class 1 Shares Series 9 and Non-cumulative Floating Rate Class 1 Shares Series 10
C$ unless otherwise stated TSX|NYSE|PSE: MFC SEHK: 945 TORONTO , Aug. 22, 2022 |CNW| - Manulife Financial Corporation ("Manulife") today announced the applicable dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 9 (the "Series 9 Preferred Shares") (TSX: MFC.PR.I) and Non-cumulative Floating Rate Class 1 Shares Series 10 (the "Series 10 Preferred Shares"). With respect to any Series 9 Preferred Shares that remain outstanding after September 19, 2022, holders thereof will be entitled to receive fixed rate non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Manulife and subject to the provisions of the Insurance Companies Act ( Canada ). The dividend rate for the five-year period commencing on September 20, 2022, and ending on September 19, 2027, will be 5.97800% per annum or $0.373625 per share per quarter, being equal to the sum of the five-year Government of Canada bond yield as at Full story available on Benzinga.