Manulife calls all C$450 million series 4 class A preferred shares

By Tali Rackner

Norfolk, Va., May 9 - Manulife Financial Corp. will redeem all of its outstanding 18 million series 4 noncumulative rate reset class A preferred shares, according to a press release.

The preferreds will be redeemed at C$25 per share, for a total of C$450 million, on June 19.

Separately, the final quarterly dividend of C$0.4125 per share will be paid in the usual manner on June 19 to shareholders of record as of May 13.

Manulife is a Toronto-based financial services group.

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