C$ unless otherwise stated
TSX/NYSE/PSE:
MFC SEHK: 945
TORONTO, Feb. 24,
2025 /PRNewswire/ - Manulife Financial Corporation
("Manulife") announced today that it has entered into an
automatic share repurchase plan (the "automatic plan") under which
its designated broker will repurchase Manulife's common shares
pursuant to its previously announced normal course issuer bid
("NCIB"). The actual number of common shares purchased under the
automatic plan, the timing of such purchases and the price at which
common shares are purchased will depend upon future market
conditions. The automatic plan, which was pre-cleared by the TSX,
provides for the potential repurchase of common shares at any time,
including when Manulife ordinarily would not be active in the
market due to its own internal trading blackout periods, insider
trading rules, or otherwise.
Caution regarding forward-looking statements
This document contains forward-looking statements within the
meaning of the "safe harbour" provisions of Canadian provincial
securities laws and the U.S. Private Securities Litigation Reform
Act of 1995 with respect to possible future purchases by Manulife
of its common shares. Although we believe that the expectations
reflected in such forward-looking statements are reasonable, such
statements involve risks and uncertainties, and undue reliance
should not be placed on such statements. Certain material factors
or assumptions are applied in making forward-looking statements,
and actual results may differ materially from those expressed or
implied in such statements. Important factors that could cause
actual common share repurchases to differ materially from
expectations include but are not limited to the fact that the
amount and timing of any future common share repurchases will
depend on the earnings, cash requirements and financial condition
of Manulife, market conditions, capital requirements (including
under LICAT capital standards), common share issuance requirements,
applicable law and regulations (including Canadian and U.S.
securities laws and Canadian insurance company regulations), and
other factors deemed relevant by Manulife, and may be subject to
regulatory approval or conditions.
Additional information about material risk factors that could
cause actual results to differ materially from expectations may be
found in our most recent annual and interim reports and elsewhere
in our filings with Canadian and U.S. securities regulators.
The forward-looking statements in this document are, unless
otherwise indicated, stated as of the date hereof. We do not
undertake to update any forward-looking statements, except as
required by law.
About Manulife
Manulife 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 Contact
Anne
Hammer
Manulife
201-925-1213
ahammer@manulife.com
Investor Relations
Hung
Ko
Manulife
416-806-9921
hung_ko@manulife.com
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SOURCE Manulife Financial Corporation
