Manulife financial corporation announces conversion privilege of non-cumulative rate reset class 1 shares series 19

C$ unless otherwise stated                                         tsx/nyse/pse: mfc     sehk: 945 toronto , jan. 29, 2025 /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 10,000,000 non-cumulative rate reset class 1 shares series 19 (the "series 19 preferred shares") (tsx: mfc.pr.n) on march 19, 2025. as a result, subject to certain conditions described in the prospectus supplement dated november 26, 2014 relating to the issuance of the series 19 preferred shares (the "prospectus"), the holders of the series 19 preferred shares have the right, at their option, to convert all or part of their series 19 preferred shares on a one-for-one basis into non-cumulative floating rate class 1 shares series 20 of manulife (the "series 20 preferred shares") on march 19, 2025.
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