Manulife Financial ( (TSE:MFC) ) has provided an update.
Manulife Financial Corporation has announced the initiation of an automatic share repurchase plan, allowing its designated broker to buy back common shares under its normal course issuer bid. This plan, approved by the TSX, enables share repurchases even during periods when Manulife is restricted from market activities due to internal or regulatory constraints. The move is expected to provide flexibility in managing its capital and potentially enhance shareholder value, though the actual repurchase details will depend on various market and financial conditions.
More about Manulife Financial
Manulife Financial Corporation is a leading international financial services group that provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions. The company operates primarily in Asia, Canada, and the United States, focusing on helping people make decisions easier and lives better through its wide range of financial products and services.
YTD Price Performance: -0.52%
Average Trading Volume: 2,049,709
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $52.39B
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