Manulife completes preferred share issue

Torys acted as counsel to Manulife with a team that included David Seville, David Leith and Riley Harmon (corporate/securities) and Len Nesbitt (tax).

On February 20, 2018, Manulife Financial Corporation ("Manulife") announced that it completed its offering of 10 million non-cumulative rate reset Class 1 shares Series 25 at a price of C$25 per share to raise gross proceeds of C$250 million. The offering was underwritten by a syndicate of investment dealers co-led by RBC Capital Markets, Scotiabank and TD Securities.

Manulife is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions.

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