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

C$ unless otherwise stated                                         tsx/nyse/pse: mfc     sehk: 945 toronto , april 25, 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 8,000,000 non-cumulative rate reset class 1 shares series 15 (the "series 15 preferred shares") (tsx: mfc.pr.l) on june 19, 2024. as a result, subject to certain conditions described in the prospectus supplement dated february 18, 2014 relating to the issuance of the series 15 preferred shares (the "prospectus"), the holders of the series 15 preferred shares have the right, at their option, to convert all or part of their series 15 preferred shares on a one-for-one basis into non-cumulative floating rate class 1 shares series 16 of manulife (the "series 16 preferred shares") on june 19, 2024.
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