Manulife Financial to redeem all C$350 million class A preferreds

By Angela McDaniels

Tacoma, Wash., May 12 – Manulife Financial Corp. plans to redeem all of its outstanding series 1 noncumulative class A preferred shares on June 19, according to a 6-K filing with the Securities and Exchange Commission.

The 14 million preferreds will be redeemed at C$25 each for a total of C$350 million.

Separately from the redemption price, the final quarterly dividend of C$0.25625 per preferred will be paid in the usual manner on June 19.

Manulife is a Toronto-based financial services group.

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