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Categorized | Easy life insurance

Manulife Financial Corporation announces exercise of Over-Allotment Option on Preferred Share offering

[PR Newswire] – TORONTO, March 1, 2016 /PRNewswire/ – Manulife Financial Corporation (“Manulife”) today announced that, in connection with its recently announced offering of 16 million Non-cumulative Rate Reset Class 1 Shares Series 21 (the “Series 21 Preferred Shares”), the underwriters have exercised their option (the “Over-Allotment Option”) to purchase an additional 1 million Series 21 Preferred Shares at a price of $25 per share to raise gross proceeds of $25 million, increasing the total size of the offering to $425 million. The Series 21 Preferred Shares, including the Series 21 Preferred Shares issuable upon the exercise of the Over-Allotment Option, were issued under a prospectus supplement dated February 18, 2016 to Manulife’s short form base shelf prospectus dated December 17, 2015

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Manulife Financial Corporation announces exercise of Over-Allotment Option on Preferred Share offering

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