{"id":18705,"date":"2012-05-24T20:15:51","date_gmt":"2012-05-25T00:15:51","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=18705"},"modified":"2012-05-24T20:15:51","modified_gmt":"2012-05-25T00:15:51","slug":"mfc-pr-i-shows-hints-of-softness-on-muted-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=18705","title":{"rendered":"MFC.PR.I Shows Hints of Softness on Muted Volume"},"content":{"rendered":"<p>Manulife Financial <a href=\"http:\/\/www.manulife.com\/public\/news\/detail\/0,,lang=en&#038;artId=146976&#038;navId=630002,00.html\">has announced<\/a>:<\/p>\n<blockquote><p>that it has completed its offering of 10 million Non-cumulative Rate Reset Class 1 Shares Series 9 (the \u201cSeries 9 Preferred Shares\u201d) at a price of $25 per share to raise gross proceeds of $250 million.<\/p>\n<p>The offering was underwritten by a syndicate of investment dealers co-led by Scotiabank, CIBC and RBC Capital Markets. The Series 9 Preferred Shares commence trading on the Toronto Stock Exchange today under the ticker symbol MFC.PR.I.<\/p>\n<p>The Series 9 Preferred Shares were issued under a prospectus supplement dated May 16, 2012 to Manulife\u2019s short form base shelf prospectus dated September 3, 2010.<\/p><\/blockquote>\n<p>MFC.PR.I is a FixedReset, 4.40%+286, <a href=\"http:\/\/www.prefblog.com\/?p=18660\">announced May 16<\/a>. The issue will be tracked by HIMIPref&trade; and assigned to the FixedReset subindex. In accordance with HIMI&#8217;s other analysis on DeemedRetractibles, a &#8220;DeemedMaturity&#8221; on 2022-1-31 at 25.00 has been added to the call schedule.<\/p>\n<p>The issue traded 263,530 shares in a range of 24.85-91 before closing at 24.76-90, 11&#215;246. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>MFC.PR.I<\/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 : 24.76<br \/>\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Manulife Financial has announced: that it has completed its offering of 10 million Non-cumulative Rate Reset Class 1 Shares Series 9 (the \u201cSeries 9 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-18705","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18705","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=18705"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18705\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}