MIC.PR.A to be Redeemed

Manulife has announced:

it has exercised its right to redeem, on December 31, 2007, all of the 3,420,905 outstanding 6.10% Non-Cumulative Class A, Series 6 Preferred Shares (CUSIP No. 564835502) at $26.00 per preferred share plus declared and unpaid dividends to the date fixed for redemption. Formal notice of redemption has been delivered to the registered holder of the preferred shares in accordance with the terms and conditions of those shares.

MIC.PR.A is tracked by HIMIPref™ (securityCode A43270), but is not included in any of the indices due to volume concerns – the most recent removal from the indices was August 31, 2007.

Many thanks to the assiduous reader who brought this to my attention!

3 Responses to “MIC.PR.A to be Redeemed”

Leave a Reply

You must be logged in to post a comment.