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Manulife announces intention to redeem 2.237% Fixed/Floating Subordinated Debentures

1. MFC plans to redeem $1 billion in debentures on May 12, 2025. 2. Redemption price will be at par plus accrued interest. 3. Interest on the debentures will cease on the redemption date. 4. MFC operates internationally, primarily in financial services and asset management. 5. The company serves over 36 million customers globally.

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FAQ

Why Bullish?

Redeeming debt can improve balance sheet strength. Such actions have previously enhanced MFC's financial position and investor confidence.

How important is it?

The redemption of debentures signals MFC’s commitment to managing its capital structure, favorably influencing investor sentiment and financial stability.

Why Long Term?

While immediate effects are modest, enhancing financial strength impacts long-term valuation positively. Historical trends indicate strengthened stock performance post-debt reduction.

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C$ unless otherwise stated                                   TSX/NYSE/PSE: MFC SEHK: 945 , /PRNewswire/ - Manulife Financial Corporation ("MFC") today announced its intention to redeem at par on May 12, 2025 all of its outstanding $1,000,000,000 principal amount of 2.237% Fixed/Floating Subordinated Debentures (the "Debentures") due May 12, 2030. The Debentures are redeemable at MFC's option on or after May 12,  2025 at a redemption price per Debenture equal to par, together with accrued and unpaid interest to but excluding the date of redemption. Formal notice will be delivered to holders of Debentures in accordance with MFC's Trust Indenture. Interest on the Debentures will cease to accrue on the redemption date. About ManulifeManulife Financial Corporation is a leading international financial services provider, helping our customers make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States, providing financial advice and insurance for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2024, we had more than 37,000 employees, over 109,000 agents, and thousands of distribution partners, serving over 36 million customers. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.  Media ContactFiona McLeanManulife437-441-7491[email protected] Investor RelationsHung KoManulife416-806-9921[email protected]  SOURCE Manulife Financial Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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