C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days. TORONTO , Dec. 3, 2024 /PRNewswire/ - Manulife Financial Corporation (" MFC ") announced today that it intends to issue $1 billion principal amount of 4.064% fixed/floating subordinated debentures due December 6 , 2034 (the " Debentures "). MFC 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 4.064% until December 6, 2029 and thereafter at a rate of 1.25% over Daily Compounded CORRA. The Debentures mature on December 6, 2034 . Subject to prior regulatory approval, MFC may redeem the Debentures, in whole or in part, on or after December 6, 2029 at a redemption price equal to par, together with accrued and unpaid interest to, but excluding, the date fixed for redemption. The Debentures will constitute subordinated indebtedness, ranking equally and rateably with all other subordinated indebtedness of MFC from time to time issued and outstanding (other than subordinated indebtedness which has been further subordinated in accordance with its terms). The offering is being done on a best efforts agency basis by a syndicate co-led by RBC Capital Markets, CIBC Capital Markets and Scotiabank. The offering is expected to close on December 6, 2024 . MFC intends to use the net proceeds from the offering of the Debentures for general corporate purposes, including investment in subsidiaries and potential future redemptions of existing securities. The Debentures have not been and will not be registered in the United States under the United States Securities Act of 1933, as amended (the " Securities Act "), or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or a solicitation to buy securities in the United States and any public offering of the securities in the United States must be made by means of a prospectus. Access to the prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering of the Debentures is provided in accordance with securities legislation relating to procedures for providing access to a prospectus supplement, a base shelf prospectus and any amendment thereto. The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering will be accessible within two business days at www.sedarplus.ca . An electronic or paper copy of the prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents may be obtained, without charge, from RBC Capital Markets by email at torontosyndicate@rbccm.com or phone at 416-842-6311, CIBC Capital Markets by email at mailbox.cibcdebtsyndication@cibc.com or phone at 416-594-8515 or Scotiabank by email at syndicate.toronto@scotiabank.com or phone at 416-863-7438. About Manulife Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Canada , we provide financial advice and insurance, operating as Manulife across Canada , Asia , and Europe , and primarily as John Hancock in the United States . Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2023, we had more than 38,000 employees, over 98,000 agents, and thousands of distribution partners, serving over 35 million customers. We trade as 'MFC' on the Toronto , New York , and the Philippine stock exchanges, and under '945' in Hong Kong . Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/manulife-announces-subordinated-debenture-issue-302321737.html SOURCE Manulife Financial Corporation
One lucky family got everything they wished for on a Christmas list they gave to Salvation Army, who gave it to WalmartSalvation Army celebrates the holidays with 500 employees at Walmart in Burbank
PHOENIX--(BUSINESS WIRE)--Dec 6, 2024-- U-Haul ® Holding Company has acquired one of Arizona’s largest skyscrapers with the intention of making 20 E. Thomas Road in Midtown Phoenix the new headquarters for U-Haul International and other subsidiaries of the industry-leading organization. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241206494838/en/ U-Haul has acquired the 20 E. Thomas Road skyscraper in Midtown Phoenix, which will serve as the Company's headquarters. Pictured in front of the new U-Haul Tower are (L-R): Stuart Shoen, Royal Shoen, U-Haul Chairman Joe Shoen, and Sam Shoen. (Photo: Business Wire) Purchase of The U-Haul Tower, as it will now be known, was finalized on Dec. 6. The 548,938-square-foot building reaches 25 floors and 397 feet, making it the tallest high-rise outside of Downtown Phoenix (trailing only the Chase ® Tower and U.S. Bank ® Center in the state). Previously coined the CenturyLink ® Tower, The U-Haul Tower was built in 1989. While plans call for The U-Haul Tower to become the new anchor of the U-Haul Midtown Campus, a thoughtfully planned transition of U-Haul field-support teams to 20 E. Thomas from 2727 N. Central Ave. (one block away) is expected to take place over the next 24 months. U-Haul, one of Phoenix’s leading employers, has 1,600 Team Members based at its Midtown Campus and more than 34,000 Team Members across its North American network. Find U-Haul careers at uhauljobs.com . “Our eventual move to the tallest building in Midtown Phoenix is both symbolic and substantive. It reflects the position our team has built as an industry and community leader over the past eight decades,” stated Sam Shoen, Vice Chair of U-Haul Holding Company. “For the past 57 years, U-Haul has been headquartered in Midtown Phoenix. As we look out to the decades to come, The U-Haul Tower will be home to the premier workforce in the Valley.” U-Haul has been based in Phoenix since 1967, when it relocated from Portland and moved into the distinctive Central Towers, two symmetrical 11-story offices (built in 1959). In 1970, U-Haul opened its Technical Center on South Priest Drive in Tempe, where it continues to research, design, engineer, test and assemble its famous orange trailers, truck boxes, U-Box ® portable containers, and other products. The U-Haul Midtown Campus has grown extensively during the last decade and includes numerous properties lining Roanoke Avenue between Central and 3rd Street. Among those is the 54,208-square-foot Shoen Family Conference and Fitness Center, the country’s premier corporate wellness center and a campus showpiece since 2021. Its opening reaffirmed the Company’s commitment to its Team Members and its long-term investment in the Midtown community. “I vividly recall when my father relocated U-Haul to Phoenix in 1967,” stated Joe Shoen, Chairman of U-Haul Holding Company. “While our operation was smaller then, our team had a long-term vision for the future. Today, we remain a family-owned and -operated company. This acquisition will help us build on our efficiency at the home office so that we can better support our field teams serving the mobility and storage needs of North America.” U-Haul services millions of customers annually at 23,000 locations across the U.S. and Canada, with rental sites in every state and province, and offers more than 1 million rentable self-storage units at 2,334 owned-and-operated stores. Joe Shoen has led the Company’s growth and evolution since 1986. U-Haul was founded by his parents, WWII Navy veteran L.S. Shoen and Anna Mary Carty Shoen, in 1945 in Ridgefield, Wash. The iconic do-it-yourself moving and self-storage company will mark 80 years of meeting the residential mobility needs of Americans in 2025. Kidder Mathews broker Ryan Eustice represented the buyer, and Cushman & Wakefield brokers Eric Wichterman, Chris Toci and Mike Coover represented the seller in this transaction. About U-HAUL Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers with more than 23,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 192,000 trucks, 138,700 trailers and 39,500 towing devices. U-Haul is the third largest self-storage operator in North America with 1,024,000 rentable units and 88.5 million square feet of self-storage space at Company-owned and -managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play . View source version on businesswire.com : https://www.businesswire.com/news/home/20241206494838/en/ CONTACT: Jeff Lockridge Sebastien Reyes E-mail:publicrelations@uhaul.com Phone: 602-760-4941 Website:uhaul.com KEYWORD: ARIZONA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TRUCKING AFTERMARKET AUTOMOTIVE TRANSPORT COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SOURCE: U-Haul Holding Company Copyright Business Wire 2024. PUB: 12/06/2024 02:45 PM/DISC: 12/06/2024 02:47 PM http://www.businesswire.com/news/home/20241206494838/enThe top three innovation hurdles for K-12 schools in 2025 will be attracting and retaining educators and IT professionals, keeping up with the evolution of teaching and learning, and working toward digital equity, an annual trend report found. The full report, , from the Consortium for School Networking (CoSN), a professional association for K-12 ed-tech leaders, won’t come out until February. But a Tuesday cited those top three hurdles, along with the top three factors set to accelerate and enable K-12 innovation in 2025. The findings are based on extensive surveys and discussions, according to the release. It lists the accelerators as learner agency, or the will and the skill of students to learn; building an array of school leaders; and changing attitudes about how student learning can be demonstrated and assessed. These factors will “help motivate and increase the speed of innovation,” the news release said. The report’s top three “tech enablers” for 2025 are generative artificial intelligence, analytics and adaptive technologies, and untethered broadband and connectivity. These tools will help schools “surmount hurdles and leverage accelerators,” per the release. These are what CoSN calls the “Top Topics” of the forthcoming report. More than 100 advisory board members from 13 countries and 34 states were involved in creating it and selected these topics, the news release said. It describes advisory board members as “educators, technologists, changemakers and industry partners.” “Selecting the Top Topics is a vital step in CoSN’s initiative, as it highlights the most pressing challenges and opportunities our schools face,” CoSN CEO Keith Krueger said in a public statement. “We are deeply grateful to our advisory board for their invaluable contributions — their insights, diverse perspectives and commitment to innovation make this project possible.”
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