Series O shares to yield 5.8%
Series C shares to yield 5.75% annually
Underwriters agree to buy up $250 million shares on a bought-deal basis
Transactions further strengthen mortgage lender’s capital position
Closing scheduled for Sept. 3
Special meetings set for June 26
Manulife Financial Corp. has completed its domestic offering of 14 million Non-cumulative Rate Reset Class 1 Shares Series 1, the company said Wednesday.Priced at $25 a share, the offering raised gross proceeds of $350 million, after underwriters exercised their over-allotment option.The offering was underwritten by a syndicate of investment dealers led by Scotia Capital Inc. […]
Co-operators General Insurance Company has issued an additional 600,000 Series D Preference Shares as to a syndicate of underwriters, the company said Friday.The Non-Cumulative 5-Year Rate Reset Class E Preference Shares, Series D were to the issued at a price of $25 per Series D Preference Share for gross proceeds of $15 million as part […]
Net proceeds earmarked to reduce amounts outstanding under Manulife’s credit facility with Canadian chartered banks
Series D Preference Shares yield 7.25%