{"id":14377,"date":"2011-03-11T19:39:31","date_gmt":"2011-03-11T23:39:31","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=14377"},"modified":"2011-03-11T19:39:31","modified_gmt":"2011-03-11T23:39:31","slug":"mfc-pr-f-closes-near-par-on-acceptable-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=14377","title":{"rendered":"MFC.PR.F Closes Near Par on Acceptable Volume"},"content":{"rendered":"<p>Manulife Financial <a href=\"http:\/\/www.manulife.com\/public\/news\/detail\/0,,lang=en&#038;artId=146301&#038;navId=630002,00.html\">has announced<\/a>:<\/p>\n<blockquote><p>that it has completed its offering of 8 million Non-cumulative Rate Reset Class 1 Shares Series 3 (the \u201cSeries 3 Preferred Shares\u201d) at a price of $25 per share to raise gross proceeds of $200 million.<\/p>\n<p>The offering was underwritten by a syndicate of investment dealers led by Scotia Capital Inc. and RBC Dominion Securities Inc. The Series 3 Preferred Shares commence trading on the Toronto Stock Exchange today under the ticker symbol MFC.PR.F.<\/p>\n<p>The Series 3 Preferred Shares were issued under a prospectus supplement dated March 7, 2011 to Manulife\u2019s short form base shelf prospectus dated September 3, 2010.<\/p><\/blockquote>\n<p>The 4.20%+141 FixedReset <a href=\"http:\/\/www.prefblog.com\/?p=14316\">was announced<\/a> March 7.<\/p>\n<p>The issue traded 203,885 shares in a range of 24.80-97 before closing at 24.93-97, 15&#215;3.<\/p>\n<p>Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.93<br \/>\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>This issue will be tracked by HIMIPref&trade; has been added to the FixedResets index. A <a href=\"http:\/\/www.prefshares.com\/glossary.html#hardMaturity\">hardMaturity<\/a> at par dated 2022-1-31 has been added to the call schedule indicated by the prospectus to reflect an anticipated call due to the issues <a href=\"http:\/\/www.prefblog.com\/?p=13995\">lack of a NVCC clause<\/a> and <a href=\"http:\/\/www.prefblog.com\/?p=13992\">OSFI&#8217;s refusal to grandfather such issues<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manulife Financial has announced: that it has completed its offering of 8 million Non-cumulative Rate Reset Class 1 Shares Series 3 (the \u201cSeries 3 Preferred Shares\u201d) at a price of $25 per share to raise &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-14377","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/14377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14377"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/14377\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}