Manulife financial corporation announces results of conversion privilege of non-cumulative rate reset class 1 shares series 15

C$ unless otherwise stated                                                                                             tsx/nyse/pse: mfc     sehk: 945 toronto , june 5, 2024 /prnewswire/ - manulife financial corporation ("manulife") today announced that after having taken into account all election notices received by the june 4, 2024 deadline for conversion of its currently outstanding 8,000,000 non-cumulative rate reset class 1 shares series 15 (the "series 15 preferred shares") (tsx: mfc.pr.l) into non-cumulative floating rate class 1 shares series 16 of manulife (the "series 16 preferred shares"), the holders of series 15 preferred shares are not entitled to convert their series 15 preferred shares into series 16 preferred shares. there were 7,209 series 15 preferred shares elected for conversion, which is less than the minimum one million shares required to give effect to conversions into series 16 preferred shares.
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