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August 30, 2015 10:41 PM ET

Insurance

Company Overview of The Manufacturers Life Insurance Company

Company Overview

The Manufacturers Life Insurance Company operates as a life insurance company in Asia, Canada, the United States, and internationally. It offers financial protection, and wealth management products and services to personal and business clients, as well as asset management services to institutional customers. The company provides various individual life insurance, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing. It also offers wealth management products, such as annuities, pension contracts, and mutual fund products and services; retirement products to group benefit plans; and annuity contracts with non-guara...

200 Bloor Street East

Toronto, ON M4W 1E5

Canada

Key Executives for The Manufacturers Life Insurance Company

Chief Executive Officer, President, Director and Member of Executive Committee
Age: 57
Chief Financial Officer and Senior Executive Vice President
Chief Investment Officer, Senior Executive Vice President and Member of Executive Committee
Age: 60
Executive Vice President, Chief Actuary and Member of Executive Committee
Executive Vice President, Chief Risk Officer and Member of Executive Committee
Compensation as of Fiscal Year 2015.

The Manufacturers Life Insurance Company Key Developments

The Manufacturers Life Insurance Company Completes Offering of $350 Million Subordinated Debenture

The Manufacturers Life Insurance Company has successfully completed its previously announced offering of $350 million principal amount of subordinated debentures. The 2.389% fixed/floating subordinated debentures due January 5, 2026, which are guaranteed by Manulife Financial Corporation on a subordinated basis, were issued under a prospectus supplement dated May 27, 2015 to MLI's existing short form base shelf prospectus. Details of the offering are set out in the prospectus supplement which is available on the SEDAR website for MLI. The debentures were offered through a syndicate of dealers co-led by RBC Capital Markets, BMO Capital Markets and TD Securities.

Manufacturers Life Insurance Company Issues $350 Million Principal Amount of 2.389% Fixed/Floating Subordinated Debentures Due January 5, 2026

The Manufacturers Life Insurance Company announced that it intends to issue $350 million principal amount of 2.389% fixed/floating subordinated debentures due January 5, 2026. The company intends to file a prospectus supplement to its existing base shelf prospectus in respect of this issue. The Debentures will bear interest at a fixed rate of 2.389% until January 5, 2021 and thereafter at a rate of 0.83% over the three month CDOR. The Debentures mature on January 5, 2026. Subject to prior regulatory approval, the company may redeem the Debentures, in whole or in part, on or after January 5, 2021 at a redemption price equal to par, together with accrued and unpaid interest to the date fixed for redemption. The Debentures will constitute subordinated indebtedness, ranking equally and rateably with all other subordinated indebtedness of the company from time to time issued and outstanding. The Debentures will be fully and unconditionally guaranteed on a subordinated basis by Manulife Financial Corporation, as to payment of principal, premium, if any, interest and redemption price, if any.

The Manufacturers Life Insurance Company Completes CAD 750 Million Subordinated Debenture Offering

The Manufacturers Life Insurance Company announced that it has completed its offering of CAD 750 million principal amount of subordinated debentures. The 2.10% fixed/floating subordinated debentures due June 1, 2025, which are guaranteed by Manulife Financial Corporation on a subordinated basis. The debentures were offered through a syndicate of dealers co-led by RBC Capital Markets, BMO Capital Markets and Scotiabank Global Banking and Markets.

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