Earnings
February 16, 2018 - TRP
New! TransCanada Corp. 2017 Year End & Price Target Update .....
February 15, 2018 - CHE.UN
New! Chemtrade Logistics Income Fund - 2017 Earnings & Price Target Update .....
February 14, 2018 - AW.UN
A&W Revenue Royalties Income Fund Year End Earnings Update .....
February 13, 2018 - BCE
BCE Inc. 2017 Year End Earnings Update .....
February 10, 2018 - ARX
Arc Resources - 2017 Earnings & Price Target Update .....
February 8, 2018 - T
Telus Corp 2017 Earnings & Price Target Update .....
February 8, 2018 - JE
Just Energy Group Inc. Fiscal Q3-2018 Update .....
February 6, 2018 - CRT.UN
CT Real Estate Investment Trust - Price Target Update .....
Recommendation Changes
CHE.UN, JE, CRT.UN, CGX, KEG.UN, more...

Manulife Financial Corp. 4.7% Rate Reset Preferred Share New Issue

This is only a sample of the article, please login to view the entire article

Manulife Financial Corporation(MFC) is issuing $200M of 4.7% 5 yr non-cumulative rate reset preferred shares. The 4.7% dividend will be paid quarterly for the first five year period (Initial Rate Period) ending Jun-19-2023. After the initial rate period the dividend will be reset to the then effective 5 yr Gov. of Canada bond yield plus 2.55%

On Mar-19-2022 and on Mar-19 every five years thereafter this issue can be converted to an equal number of non-cumulative floating rate reset preferred shares with a quarterly dividend reset rate. The floating quarterly dividend rate will be equal to the 90-day Canadian Treasury Bill Rate plus 2.55%.

Rating – DBRS Pfd-2.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
February 17, 2018
New! Coverage Universe - Weekly Price Changes Feb 9-16,2018
February 14, 2018
New! Just Energy Group Inc. - New Convertible Debenture
February 12, 2018
New! Manulife Financial Corp. 4.7% Rate Reset Preferred Share New Issue
February 9, 2018
Coverage Universe - Weekly Price Change Feb 2-9, 2018
February 2, 2018
Coverage Universe - Weekly Price Change Jan 26-Feb 2, 2018
January 26, 2018
Coverage Universe - Weekly Price Change Jan 19-29, 2018
January 24, 2018
Morguard N.A. REIT - New Convertible Debenture
January 22, 2018
Atlantic Power Corporation - New Convertible Debenture