Manulife releases details for its Investor Day on June 29, 2021
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 , /PRNewswire/ - Manulife is hosting a virtual Investor Day on . , Chief Executive Officer, along with other members of Manulife's senior leadership team, will share an update on the Company's strategy with an emphasis on accelerating growth in its and Global Wealth & Asset Management businesses, as well as executing on its digital strategy. In addition to presentations, the event will feature live Q&A sessions for institutional investors and research analysts to engage with senior leadership. The webcast will begin at and is expected to conclude at noon.
Manulife cautions investors regarding Obatan LLC offer for shares
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 , /PRNewswire/ - Manulife has been notified of an unsolicited mini-tender offer made by Obatan LLC (Obatan) to purchase up to 500,000 Manulife common shares, or approximately 0.026% of the common shares outstanding, at a price of per share. Manulife is in no way associated with Obatan and does not recommend or endorse acceptance of this unsolicited offer.
John Hancock Retirement debuts plan design analysis dashboard
, /PRNewswire/ -- announced today the availability of a new plan design analysis dashboard which enables an in-depth review of a plan's retirement readiness across several key metrics and identifies opportunities to improve participant outcomes. The new dashboard analyzes a plan's data to visualize and quantify how different sponsor match structures and contribution scenarios impact both projected participant replacement ratios and the sponsors' costs associated with those scenarios.
Manulife Investment Management announces co-heads of junior credit for private markets
TSX/NYSE/PSE: MFC SEHK: 945 , /PRNewswire/ - Manulife Investment Management announced today that and Szwarc have been named co-heads of junior credit for private markets. For decades, Manulife Investment Management has provided junior capital in the market, lending and investing alongside private equity sponsors providing patient, noncontrolling junior credit capital—including traditional subordinated and second-lien debt and structured equity—to established businesses. As co-heads of junior credit, Josh and Matt will be contributing to the development of specialized funds, separately managed accounts and other investment products for Manulife Investment Management's global institutional client base. Manulife Investment Management's comprehensive private markets capabilities include private equity and credit, real estate, infrastructure, timber and agriculture.
Manulife Statement on Favourable Outcome in Mosten Litigation
, /PRNewswire/ - Manulife Financial Corporation ("Manulife" or "the Company") today provided the following statement in connection with the favourable Court of Appeal ruling in the Mosten Investment LP ("Mosten") case:We are pleased with the Court of Appeal's ruling prohibiting unlimited deposits into universal life insurance contracts in . The Court affirmed that the Government of regulation applies to all universal life policies, including the policies that are at issue in this litigation. The decision confirms that policyholders cannot make unlimited deposits into universal life insurance contracts and makes clear deposits must relate to amounts required to pay the life insurance premium.
Manulife Investment Management completes majority acquisition of Chilean fruit exporter, David Del Curto S.A.
Acquires a controlling interest in the Chilean fruit production, packing and export firmTSX/NYSE/PSE: MFC SEHK: 945 , /PRNewswire/ - Hancock Natural Resource Group (HNRG), a company of Manulife Investment Management, announced today it has completed a majority acquisition of David Del . ("DDC"), on behalf of its third-party clients. The acquisition helps to diversify its growing agricultural portfolio through its Farmland Plus initiative. Farmland Plus assets include integrated crop operations such as transitional processing, storing and packaging for wholesale distribution. The acquisition is in keeping with Manulife Investment Management's priority to strategically grow its private markets offering across timber, agriculture, infrastructure, real estate, private equity and credit., S.A. is a leading Chilean fruit production, packing and export company, which produces over ten different fruit types across eleven farms, while also managing one of the largest nurseries in the country. It also operates three packing facilities with a capacity of nine million boxes of fruit. DDC will continue to be led by Fernando Cisternas, the current CEO, and the management team, who will oversee day-to-day operations and key strategic growth projects.
John Hancock Closed-End Funds Release Earnings Data
, /PRNewswire/ - The two John Hancock Closed-End Funds listed in the table below announced earningsfor the three months ended . The same data for the comparable three month period ended is also available below.
Manulife Chief Executive Officer to Speak at the Singapore Fintech Festival
C$ unless otherwise statedTSX/NYSE/PSE: MFC SEHK: 945 , /PRNewswire/ - , President and Chief Executive Officer, Manulife, will speak at the Singapore Fintech Festival on , beginning at ( at SGT). The topic of discussion will be "Spotlight On People and Culture: Transformation Within The Insurance And Asset Management Industry." Interested parties can visit .
Manulife Comments on Obatan LLC Mini-Tender Offer
C$ unless otherwise statedTSX/NYSE/PSE: MFC SEHK: 945 , /PRNewswire/ - Manulife has been notified of an unsolicited mini-tender offer made by Obatan LLC (Obatan) to purchase up to 100,000 Manulife common shares, or approximately 0.005% of the common shares outstanding, at a price of per share. Manulife does not endorse this unsolicited offer, is in no way associated with Obatan, and makes no recommendation as to whether shareholders should tender their shares in response to the offer.Manulife cautions shareholders that the mini-tender offer has been made at a price below the current market price for Manulife shares. The offer represents a discount of 27.05% and 27.01%, respectively, below the closing prices of Manulife common shares on the TSX and NYSE on , the last trading day before the mini-tender offer was commenced, and a discount of 34.07% and 34.17%, respectively, below the closing prices on the TSX and NYSE on .