Posted on 03 March 2016. Tags: account, corporation, non-cumulative, option, preferred, preferred-shares, shares-series, today-announced, underwriters
[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
See more here:
Manulife Financial Corporation announces exercise of Over-Allotment Option on Preferred Share offering

Related Posts:
When Two (Financially Independents) Become One [SLIDESHOW]
When you get married, you begin sharing a lot more than just closet space, vacations and chores. You also embark on ..When Two (Financially Independents) Become One [SLIDESHOW]
When you get married, you begin sharing a lot more than just closet space, vacations and chores. Manulife Financial Corporation announces increase to Preferred Share issue
[CNW Group] - Manulife Financial Corporation announces increase to Preferred Share issue HFF Arranges $110 Million Acquisition Financing for the Largest Refrigerated ..
[Business Wire] - Holliday Fenoglio Fowler, L.P. announced today that it has arranged $110 million in acquisition financing for a 456,412-square-foot, Class ..7 Simple Ways to Organize Your Home Filing System
Your emailed receipts are saved on your computer. The bank statements you get by mail are haphazardly tossed into a desk drawer. ..MetLife Amends Tender Offer for Its Series B Preferred Shares
[Business Wire] - MetLife, Inc. announced today an amendment to the tender offer for its 6.500% Non-Cumulative Preferred Stock, Series B , ..
by my ip