October 20, 2016 / 1:02 PM / a year ago

BRIEF-Manulife Financial says conversion privilege of non-cumulative rate reset Class 1 shares Series 5

Oct 20 (Reuters) - Manulife Financial Corp

* Does not intend to exercise right to redeem any outstanding 8 million non-cumulative rate reset class 1 shares series 5 on dec. 19, 2016

* Holders of series 5 preferred shares have right to convert their shares on 1-for-1 basis into non-cumulative floating rate class 1 shares series 6 Source text for Eikon: Further company coverage:

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