MNUFF MANULIFE FINANCIAL CORP
Price Chart
Executive Summary
Manulife announced the results of the conversion privileges for its Series 3 and Series 4 preferred shares. Due to insufficient conversion elections, all Series 4 shares will be automatically converted into Series 3 shares on June 19, 2026, resulting in 8,000,000 Series 3 shares outstanding. The new fixed dividend rate for Series 3 shares is set at 4.64000% per annum for the next five years.
Actionable Insight
This is a routine administrative conversion of preferred shares with no impact on common equity or earnings. Monitor for any future changes in preferred share terms or capital structure, but no immediate trading action is warranted.
Key Facts
- 17,750 of 6,537,903 Series 3 shares elected for conversion into Series 4 shares.
- 886,331 of 1,462,097 Series 4 shares elected for conversion into Series 3 shares.
- All remaining Series 4 shares will be automatically converted into Series 3 shares on June 19, 2026.
- After conversion, 8,000,000 Series 3 shares will be outstanding.
- New dividend rate for Series 3 shares: 4.64000% per annum ($0.290000 per share per quarter) for the period June 20, 2026 to June 19, 2031.
Financial Impact
No material financial impact; routine preferred share conversion with a fixed dividend rate reset.
Risk Factors
- No material risks identified; conversion is mechanical and non-discretionary.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001086888-26-000060 |
| Document: newsrelease-s3s4resultsifc.htm | 0001086888-26-000060 |
| Document: 0001086888-26-000060-index-headers.html | 0001086888-26-000060 |
| Document: 0001086888-26-000060-index.html | 0001086888-26-000060 |
| Document: 0001086888-26-000060.txt | 0001086888-26-000060 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
9d ago
|
6-K
| $16.34 awaiting T+5 | awaiting T+5 | — | $14.50 (−11.26%) |
|
May 26, 2026
19d ago
|
6-K
| $15.80 $15.80 | · 0.00% | ▼ −1.08% | $14.50 (−8.23%) |
|
May 14, 2026
4w ago
|
6-K
| $15.52 $15.52 | · 0.00% | ▼ −0.96% | $14.50 (−6.56%) |
|
Mar 27, 2026
11w ago
|
6-K
| $16.34 $16.34 | · 0.00% | ▼ −3.86% | $14.50 (−11.26%) |
US Market Status
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