Muddy Waters’ Carson Block shorts Manulife Financial; stock slumps [Financial Post (Toronto, Ontario, Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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manulife.com/investor-relations
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Source: Financial Post
Muddy Waters' Carson Block shorts Manulife Financial; stock slumps 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 firm Thursday, and said its life-insurance subsidiary just concluded a trial with a hedge fund that could lead to billions in losses. Block expects a verdict this year. Manulife said in a statement that it disagrees with Block’s conclusions. 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 universal life insurance policy it owns. “This really
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- 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
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- 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