Muddy Waters’ Carson Block shorts Manulife Financial [Financial Post (Toronto, Ontario, Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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US:NYSE Investor Relations:
manulife.com/investor-relations
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Source: Financial Post
Muddy Waters' Carson Block shorts Manulife Financial Block said the company's life insurance subsidiary just concluded a trial with a hedge fund that could lead to billions in losses Muddy Waters has found its latest target: Canadian insurer Manulife Financial Corp. Short seller Carson Block, who runs Muddy Waters, announced a short position in the insurer Thursday, and said the company’s life insurance subsidiary just concluded a trial with a hedge fund that could lead to billions in losses. A verdict is expected this year, Block said. In a report, Muddy Waters said it believes investors aren’t aware of the material risks to Manulife posed by the trial. The insurer was taken to court by hedge fund Mosten Investment LP, which claims it should be allowed to deposit unlimited amounts of capital with Manulife and earn at least 4 per cent in annual interest based on a 1997 insurance contract it owns. “This really looks to be more an issue of incompetence from the 1990s,” Block, the chief
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News
- Manulife Financial Corporation announces Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 15 [Yahoo! Finance]Yahoo! Finance
- Manulife Financial Corporation announces Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 15PR Newswire
- Manulife to Release First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Manulife to Release First Quarter 2024 ResultsPR Newswire
- Manulife Investment Management Announces Cash Distributions for Manulife Exchange Traded FundsPR Web
MFC
Earnings
- 2/14/24 - Beat
MFC
Sec Filings
- 4/25/24 - Form 6-K
- 3/25/24 - Form 6-K
- 3/22/24 - Form 6-K
- MFC's page on the SEC website