Manulife completes preferred share issue

Torys acted as counsel to Manulife with a team that included David Seville, Jonathan Cescon, Rob Shaw and Justin Crawford (corporate/securities) and Catrina Card (tax).

On November 22, 2016, Manulife Financial Corporation ("Manulife") announced that it completed its offering of 19 million non-cumulative rate reset Class 1 shares Series 23 at a price of C$25 per share to raise gross proceeds of C$475 million. The offering was underwritten by a syndicate of investment dealers co-led by RBC Capital Markets, BMO Capital Markets and Scotiabank.

Manulife is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions.

Further information can be found on Canada Newswire's website.