Manulife financial corporation announces conversion privilege of non-cumulative rate reset class 1 shares series 17

C$ unless otherwise stated                                         tsx/nyse/pse: mfc     sehk: 945 toronto , oct. 28, 2024 /prnewswire/ - manulife financial corporation ("manulife") today announced that it does not intend to exercise its right to redeem all or any of its currently outstanding 14,000,000 non-cumulative rate reset class 1 shares series 17 (the "series 17 preferred shares") (tsx: mfc.pr.m) on december 19, 2024. as a result, subject to certain conditions described in the prospectus supplement dated august 11, 2014 relating to the issuance of the series 17 preferred shares (the "prospectus"), the holders of the series 17 preferred shares have the right, at their option, to convert all or part of their series 17 preferred shares on a one-for-one basis into non-cumulative floating rate class 1 shares series 18 of manulife (the "series 18 preferred shares") on december 19, 2024.
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