Manulife Financial has raised $200 million in a share offering. The offering was underwritten by a syndicate of investment dealers, headed by Scotia Capital and RBC Dominion Securities.
The company offered 8 million non-cumulative rate reset class 1 shares series 3 at a price of $25 per share. The Series 3 Preferred Shares began trading on the Toronto Stock Exchange.
Click here for the release from PR Newswire.