Manulife financial corporation announces conversion privilege of non-cumulative rate reset class 1 shares series 13

C$ unless otherwise stated                                                      tsx/nyse/pse: mfc     sehk: 945 toronto , july 26, 2023 /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 8,000,000 non-cumulative rate reset class 1 shares series 13 (the "series 13 preferred shares") (tsx: mfc.pr.k) on september 19, 2023. as a result, subject to certain conditions described in the prospectus supplement dated june 17, 2013 relating to the issuance of the series 13 preferred shares (the "prospectus"), the holders of the series 13 preferred shares have the right, at their option, to convert all or part of their series 13 preferred shares on a one-for-one basis into non-cumulative floating rate class 1 shares series 14 of manulife (the "series 14 preferred shares") on september 19, 2023.
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