Manulife Financial (MFC) said Monday that it has entered into an automatic share repurchase plan under which its designated broker will buy back its common shares pursuant to its normal course issuer bid.
The actual number of common shares purchased under the automatic plan, as well as the timing and price at which they are purchased, will be determined by future market conditions, the company said.
The automatic plan allows for the potential repurchase of common shares at any time, even when Manulife is not normally active in the market due to its own internal trading blackout periods, insider trading rules, or other reasons.
Price: 30.30, Change: -0.06, Percent Change: -0.20
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