Manulife Financial Corp. successfully completed its previously announced $300 million offering of 12 million, 4.50% non-cumulative Class A Shares, Series 3 at a price of $25 per share.

The Series 3 Preferred Shares were issued under a prospectus supplement dated Dec. 12, 2005 to Manulife’s base shelf prospectus dated Feb. 9, 2005.

The offering was underwritten by a syndicate of investment dealers led by Scotia Capital Inc.

The Series 3 Preferred Shares have not been and will not be registered in the United States under the Securities Act of 1933, as amended, and may not be offered, sold or delivered in the U.S. absent registration or applicable exemption from the registration requirement of such Act.