C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK:945
TORONTO, July 27, 2017 /CNW/ - The Manufacturers Life Insurance
Company ("MLI"), as successor to The Standard Life Assurance Company of Canada ("SLA"), today
announced its intention to redeem at par on September 21, 2017 all its outstanding $400,000,000 principal amount of 3.938% Fixed/Floating Series A Subordinated Debentures (the "Debentures") due
September 21, 2022. The Debentures are redeemable at MLI's option on or after September 21, 2017 at a redemption price per Debenture equal to par, together with accrued and unpaid interest
to but excluding the date of redemption. Formal notice will be delivered to holders of Debentures in accordance with the Trust
Indenture dated as of September 21, 2012, between SLA and Computershare Trust Company of
Canada (the "Trustee") and the first supplemental indenture to the Trust Indenture dated as of
July 1, 2015, between MLI, as successor to SLA, and the Trustee.
Interest on the Debentures will cease to accrue on the redemption date.
About Manulife
Manulife Financial Corporation 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. We operate as John Hancock in the United States and Manulife elsewhere. We provide
financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the
end of 2016, we had approximately 35,000 employees, 70,000 agents, and thousands of distribution partners, serving more than 22
million customers. As of March 31, 2017, we had $1 trillion
(US$754 billion) in assets under management and administration, and in the previous 12 months we
made almost $26.3 billion in payments to our customers. Our principal operations are in
Asia, Canada and the United
States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong
Kong.
SOURCE Manulife Financial Corporation
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