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Manulife Financial Corp T.MFC

Alternate Symbol(s):  MFC | MNQFF | T.MFC.PR.B | MNUFF | T.MFC.PR.C | T.MFC.PR.F | T.MFC.PR.I | T.MFC.PR.J | T.MFC.PR.K | T.MFC.PR.L | T.MFC.PR.M | MNLCF | T.MFC.PR.N | T.MFC.PR.P | T.MFC.PR.Q

Manulife Financial Corporation is a Canada-based international financial services provider. The Company provides financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Its segments include Wealth and asset management businesses, Insurance and annuity products, and Corporate and Other segment. Wealth and asset management businesses branded as Manulife Investment Management, provide investment advice and solutions to retirement, retail, and institutional clients. Insurance and annuity products include a variety of individual life insurance, individual and group long-term care insurance and guaranteed and partially guaranteed annuity products. Products are distributed through multiple distribution channels, including insurance agents, brokers, banks, financial planners and direct marketing. Corporate and Other segment comprise the investment performance of assets backing capital.


TSX:MFC - Post by User

Bullboard Posts
Comment by taman1on Aug 19, 2010 11:13am
228 Views
Post# 17365119

RE: RE: RE: RE: takeover? not a chance!

RE: RE: RE: RE: takeover? not a chance!Very unpleasant and very possible ... bankruptcy is not a possibility because the exposure is an accounting matter ... to provide for floating losses on equity funds and interest annuities ... these are 10 years out in the future not happening today ... just accounting to satisfy GAAP rules .. people holding these products are not liquidating now because if they do they will lose the guarantees instantly to MFC benefit ... these people, like me, have to hold till maturity ... over 10 or 15 years at least for the majority purchasers of these products ... if they die the payout is less ... so really IMHO these are not that bad in the long term ... the debt raising was again another benefit for MFC as interest costs were reduced ... but the headline news are lousy ... it seems only MFC is doing all these stuff, div cut, share issues, debt raising or bond issues ... other insurance companies are just doing business and MFC appears to the public to be house cleaning all the time ... MFC should do it once and move on with just doing real biz ... that's the problem with MFC with all these dripping news ... scaring alot of people except diehards like us ... Cheers
Bullboard Posts