Business: Manulife Financial Corp., Non-cumulative Rate Reset Class 1 Shares Series 19, redeemable at the issuer's option on 03/19/2020 and every March 19 in every fifth year thereafter at $25 Canadain dollars per share plus declared and unpaid dividends, and with no stated maturity. <p> Non-cumulative distributions of the Annual Fixed Dividend Rate will be paid quarterly on 3/19, 6/19, 9/19 & 12/19 to holders of record on the record date fixed by the board, not more than 60 days or less than 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Annual Fixed Dividend Rate will be 3.80% until the 03/18/2020, then it will be equal to the sum of the 5yr Government of Canada Treasury Bond on the applicable fixed rate calculation date plus 2.30%, resetting every 5 years thereafter on applicable fixed rate calculation date (see prospectus for more details). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. <p> On 03/19/2020 and every March 19th in every fifth year there after the holder will have the right to convert their Manulife Financial Corp., Non-cumulative Rate Reset Class 1, Series 19 Shares into Manulife Financial Corp., Non-cumulative Floating Rate Class 1, Series 20 Shares (see prospectus for more details). <p> In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, Senior to the Class B shares, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock.