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TORONTO, Feb. 10, 2017 (Canada NewsWire by passage of COMTEX) -- TSX/NYSE/PSE: MFC SEHK:945C$ except otherwise brought up
Manulife monetary traffic enterprise ("Manulife") these days introduced that it doesn't intend to exercise its usurp to redeem every or any of its currently magnificent 10,000,000 Non-cumulative cost Reset nature 1 Shares sequence 7 (the "sequence 7 favored Shares") (MFC.PR.H) on March 19, 2017. because of this, province to inevitable circumstances described within the prospectus complement dated February 14, 2012 relating to the issuance of the sequence 7 favored Shares (the "Prospectus"), the holders of the sequence 7 favored Shares Have the correct, at their alternative, to transform every or a fraction of their sequence 7 preferred Shares on a one-for-one groundwork into Non-cumulative Floating cost category 1 Shares string 8 of Manulife (the "sequence eight favourite Shares") on March 19, 2017. a formal keep of the usurp to transform sequence 7 favorite Shares into string eight favorite Shares could breathe despatched to the registered holders of the string 7 favored Shares in accordance with the percentage situations of the sequence 7 favourite Shares. Holders of string 7 favored Shares are not required to resolve on to transform every or any a fraction of their sequence 7 favored Shares into string 8 preferred Shares. Holders who don't undertaking their usurp to transform their collection 7 preferred Shares into sequence 8 favored Shares on such date will hold their collection 7 preferred Shares, except immediately transformed according to the situations under.
The foregoing conversion remedy is discipline to the circumstances that: (i) if, after March 6, 2017, Manulife determines that there can breathe less than 1,000,000 sequence 7 preferred Shares unbelievable on March 20, 2017, then every terminal collection 7 favored Shares will automatically breathe transformed into an equal number of collection eight favourite Shares on March 19, 2017, and (ii) on the other hand, if, after March 6, 2017, Manulife determines that there would breathe under 1,000,000 string 8 favorite Shares awesome on March 20, 2017, then no sequence 7 preferred Shares might breathe transformed into sequence eight favourite Shares. In either case, Manulife will give written word to that impact to any registered holders of sequence 7 favored Shares littered with the previous minimums on or earlier than March 12, 2017.
The dividend expense applicable to the string 7 favorite Shares for the 5-year length starting up on March 20, 2017, and ending on March 19, 2022, and the dividend cost applicable to the sequence 8 favourite Shares for the three-month duration taking off on March 20, 2017, and ending on June 19, 2017, could breathe determined and introduced by the expend of a advice liberate on February 21, 2017. Manulife will likewise supply written breathe alert of those dividend prices to the registered holders of sequence 7 favorite Shares.
beneficial house owners of sequence 7 favourite Shares who want to activity their privilege of conversion may noiseless instruct their broking service or other nominee to recreation such usurp earlier than 5:00 p.m. (Toronto time) on March 6, 2017. Conversion inquiries should noiseless breathe directed to Manulife's Registrar and transfer Agent, CST Have faith business, at 1-800-387-0825.
subject to inevitable circumstances described in the Prospectus, Manulife may likewise redeem the collection 7 favourite Shares, in entire or partially, on March 19, 2022 and on March 19 every 5 years thereafter and can redeem the collection 8 favorite Shares, in total or partly, after March 19, 2017.
The Toronto stock alternate ("TSX") has conditionally authorised the list of the sequence 8 favourite Shares constructive upon conversion. listing of the collection eight favored Shares is discipline to Manulife satisfying every of the list necessities of the TSX and, upon approval, the string eight preferred Shares could breathe listed on the TSX under the trading image "MFC.PR.S".
The string 7 favourite Shares and the string 8 preferred Shares haven't been and may now not breathe registered within the u.s. under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities legal guidelines of any state of the us and might no longer breathe offered, bought or delivered, at once or in some passage within the united states or to, or for the account or profit of, a "U.S. grownup" (as defined in legislation S under the Securities Act) absent registration or an material exemption from such registration requirements. This press liberate does not portray a suggestion to promote or a solicitation to buy securities within the u.s. and any public offering of the securities within the united states should breathe made via means of a prospectus.
Manulife monetary service provider is a leading international fiscal capabilities community that helps americans obtain their dreams and aspirations by passage of putting valued clientele' wants first and featuring the remedy assistance and options. They operate as John Hancock within the united states and Manulife elsewhere. They provide monetary suggestions, coverage, in addition to wealth and asset management options for people, corporations and associations. at the quit of 2016, they had approximately 35,000 employees, 70,000 brokers, and heaps of distribution companions, serving greater than 22 million valued clientele. at the conclusion of 2016, they had $977 billion (US$728 billion) in belongings below administration and administration, and in the previous twelve months they made basically $26 billion in funds to their purchasers. Their distinguished operations are in Asia, Canada and the USA the dwelling we've served shoppers for greater than 100 years. With their global headquarters in Toronto, Canada, they trade as 'MFC' on the Toronto, long island, and the Philippine inventory exchanges and beneath '945' in Hong Kong.
source Manulife monetary employer
To view this information liberate in HTML formatting, delight expend the following URL: http://www.newswire.ca/en/releases/archive/February2017/10/c5443.html
source: Manulife monetary corporationMedia inquiries: Sean B. Pasternak, Manulife, 416-852-2745, email@example.com; Investor family members: Robert Veloso, Manulife, 416-852-8982, firstname.lastname@example.org
Copyright (C) 2017 CNW community. every rights reserved.
The string 7 is an examination and license that entitles the holder to promote every types of securities items aside from commodities and futures. commonly used formally because the widely wide-spread Securities Registered representative exam (GSRE), the collection 7 exam and its licensing is administered by using the monetary traffic Regulatory Authority (FINRA).
The collection 7 exam is taken by U.S. stockbrokers to achieve a license to trade. the majority of the string 7 exam makes a speciality of investment chance, taxation, fairness and debt gadgets, packaged securities, alternatives, retirement plans, and interactions with customers. A prerequisite examine for the string 7, the Securities industry essentials (SIE) examination, rolled out on Oct. 1, 2018.
The string 7 license is a primary requirement to travail as an entry-stage broker.
The goal of the sequence 7 license is to set a flat of competency for a registered representative or stockbroker to travail within the securities business. The sequence 7 license is a fundamental requirement for an entry-stage broking service. The licensing exam covers an intensive attain of fiscal phrases and theme matters as well as securities rules.
Candidates who lumber the collection 7 exam are able to alternate many securities, such as stocks, mutual cash, options, municipal securities, and variable contracts. The collection 7 license does not cover the selling of precise property or lifestyles coverage items. apart from obtaining the string 7 license, many states require that registered representatives circulate the collection sixty three exam, likewise known as the Uniform Securities Agent state legislations exam.sequence 7 necessities
sequence 7 candidates are required to pick the Securities traffic necessities (SIE) examination before sitting for the string 7. in line with FINRA, the SIE is an introductory-level examination that "assesses a candidate’s expertise of simple securities industry advice together with ideas primary to working in the industry, equivalent to types of items and their dangers; the structure of the securities industry markets, regulatory agencies and their capabilities; and prohibited practices." if you necessity greater information on the SIE, FINRA's SIE exam content outline provides more details.
Candidates who wish to pick the sequence 7 exam Have to breathe sponsored by passage of a FINRA member enterprise, and FINRA has other sequence 7 eligibility requirements. The company Have to file a contour U4 (Uniform software for Securities traffic Registration) for the candidate to breathe registered for the licensing examination. FINRA governs the activities of securities enterprises and registered brokers, guaranteeing that any one who sells securities items is qualified and validated.series 7 examination constitution
seeing that Oct. 1, 2018, string 7 candidates are required to pick the SIE exam earlier than sitting for the collection 7, which is structured as follows:
The string 7 exam has 125 assorted option questions, lasts 225 minutes and value $245. The passing score is 72%.
prior to Oct. 1, 2018, the sequence 7 exam contained 250 questions masking 5 foremost job capabilities. The exam term changed into six hours, had no necessities and cost $305. A score of seventy two% changed into required to flow.
FINRA doesn't provide candidates with any physical certificate as proof of examination completion. existing or edge employers who necessity to view proof final finger Have to access this counsel via FINRA's captious Registration Depository (CRD).
Completion of the string 7 examination is a prerequisite for many different securities licenses, such as the sequence 24, which allows for the candidate to oversee and control branch activities.
Late terminal 12 months, Finra restructured the common Securities consultant exam, generic most generally because the collection 7. if you are looking to change securities or travail in an funding position in the U.S., there are a brace of stuff you deserve to recognize earlier than diving in to study prep.
You now necessity to circulate two tests
at the heart of Finra’s restructuring is the creation of the Securities traffic fundamental (SIE) exam. To revolve into a registered funding representative, you now necessity to lumber each the SIE and the collection 7 exam. Why the trade? One motivation was to now not accommodate examine-takers who want or are required to flux diverse tests to cover the identical material greater than once, in keeping with Brian Marks, managing director of licensing examination prep enterprise Knopman Marks fiscal training.
in further of the restructuring, around 30% of Finra’s leading qualification checks blanketed timehonored cloth that coated primary traffic capabilities. Finra practically pulled every that fabric out of the string 7 and different checks to create the SIE. Now, verify-takers will simplest necessity to parade their understanding of the fundamentals one time.
that you would breathe able to souse your toe within the water
The other main reason for the change is to enable americans who aren’t already working at a broker-dealer to peer if they Have the capability and hobby to breathe fraction of the trade. whilst you nevertheless necessity to breathe backed via an organization to register for the collection 7, anyone over 18 years of age can pick the SIE. Marks talked about his traffic is at present working with a few hundred college students who're prepping to pick a seat for the SIE earlier than they graduate.
It’s a resume sweetener
whereas no one at all of Marks’ broking service-broking valued clientele at present require a candidate to Have passed the SIE to breathe regarded for employment, it’s most efficacious been a handful of months given that the alterations were enacted. “That’s the query that’s noiseless available,” he spoke of. “At some point they may breathe headed in that path.”
For now, passing the SIE earlier than making expend of for a buying and selling or investment function should definitely enhance a candidate’s profile, Marks spoke of.
There are definitely fewer questions
even if you’d quite study and pick a seat for 2 smaller exams versus one giant one is a question of personal preference. That mentioned, those who are already working at a broker-dealer perceived to resolve upon the worn gadget. Marks talked about there became a major rush of individuals who signed up for the ancient string 7 exam earlier than the October closing date. besides the fact that children, the string 7 examination protected 250 questions within the worn format. The are only 200 mixed questions between the SIE and the brand new collection 7 examination.
the new string 7 is tougher, contour of
some of the fallouts from pulling timehonored industry capabilities questions from every qualification exams is that the sequence 7 simply grew to breathe greater complex. The examination not contains every the more straightforward questions that now contour up the SIE, yet the passing ranking continues to breathe the identical: 72%. This may breathe an extra reason behind the rush of pre-October signups. test ratings may breathe scaled in an application to are trying to hold a constant lumber cost, but that doesn’t contour the exam any more straightforward whilst you’re in fact taking it. It’s simply doubtless you’ll breathe able to collect just a few extra questions wrong and nonetheless pass, even though that’s not yet clear.
It costs the identical
The registration cost is $60 for the SIE and $245 for the revised sequence 7 examination – combined to breathe the equal can charge of the ancient sequence 7.
you can pick them on the equal day
people that select the previous gadget can try to replicate it via taking each on the identical day, though pulling off this kindly of feat depends upon the schedules of testing centers. The exam size is 105 minutes for the SIE and 225 minutes for the new collection 7. That shaves off half-hour from the worn six-hour exam. that you could in reality pick the check in both order (if you are backed with the aid of a company), even though assumedly the tremendous majority will first pick a seat for the SIE.
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The terminal A’s road trip didn’t evaporate every too well. In six games against Baltimore and Texas, the A’s went 4-2. On the surface, that isn’t every too bad, especially when the team is playing on the road. However, the A’s got to 97 wins terminal season precisely because they bullied and beat up the teams that had no hopes of reaching the playoffs, winning every sole game against the Orioles, the White Sox, the Blue Jays, and more. This year’s A’s has already dropped a game against the hapless Orioles, who beat the A’s in what was one of the worst played ball games in a brace of years, and the game the A’s dropped against the Rangers witnessed the team fumbling away a five sprint lead in the late innings.
The A’s previous road trip likewise witnessed the team lose every three games against the Astros. The Astros, unlike the Rangers and Orioles, are a very excellent baseball team that does and should Have World string hopes this year. The team won over 100 games terminal season. While it would Have been tough to win against Houston in Houston, the A’s really messed up that string as well. In the first game of the series, the A’s error went reserved against better-than-decent starter Collin McHugh, and the team dropped the game 3-2. After a noncompetitive game on Saturday the A’s lost, the A’s had a actual casual to breathe the victors on Sunday. Despite Mike Fiers gifting the Astros six runs in the first two innings, the A’s establish themselves winning entering the eighth inning, wherein a mostly trustworthy bullpen then pissed away the lead.
The Astros are good, but they aren’t leaps and bounds better than the A’s are. The two teams’ offenses are pretty proximate in overall production, and where the Astros starting pitching has an advantage, the A’s bullpen, partially, makes up for it. These are two teams that are closer in talent than most of the baseball world realizes, and early-season-dominance by the Astros is precisely why the team ran away with the division terminal year. For the A’s to Have a fighting casual this year, the trend needs to change.
The Astros actually haven’t lost since their sweep of the A’s, the team going on to sweep the Yankees at home and then sweep the previously-red-hot Mariners on the road, the team entering this string having won nine games in a row. This winning vein has largely been propelled by the offense, wherein each regular has an OBP above .300, and four different starters Have OBP’s above .430. Jose Altuve has hit five home runs in his terminal five games to pair up with an astronomical 1.578 OPS.
The starting staff and the back quit of the bullpen has been nearly untouchable as well. The A’s collect the profit of getting to countenance off against the latter portion of the Astros’ starting rotation, but even noiseless McHugh notched nine strikeouts in six innings pitched, and the late innings relievers haven’t surrendered a sprint at every since the two teams terminal faced off. The A’s universal strategy is to keep the game proximate in the early going and pick the lead for excellent towards the quit of the game, but against this Astros team, that strategy just isn’t viable, and the team is going to Have to search for runs beyond a soft bullpen underbelly.
This is a short string against the Astros, played at home on Rickey Henderson Field, and played with the knowledge that each reliever on the A’s is more or less fully rested and able to pitch in any situation over the next two games, thanks to a day-off the day before and the day after this series. This allows the A’s to breathe flexible and creative with their bullpen usage, and should a starting pitcher falter, the bullpen can preclude things from getting out of hand.
At the risk of sounding dramatic, or arrogant, since the A’s are playing at home, and the bullpen is fully loaded, and the error has been stalwart to start the season, the A’s really ought to sweep these two games. If the team is going to contour the playoffs, they necessity to contour up some wins that were missed out on the terminal week. The Astros are a pretty danged solid team, and winning each of the next two games will breathe tough.
But really, the A’s should win everything.
George Springer - CF
Jose Altuve - 2B
Alex Bregman - 3B
Michael Brantley - LF
Carlos Correa - SS
Yuli Gurriel - 1B
Josh Reddick - RF
Tyler White - DH
Robinson Chirinos - C
Marco Estrada vs Collin McHugh
Frankie Montas vs Wade Miley
Game #20: Tuesday, April 16th at 7:07
Game #21: Wednesday, April 17th at 7:07
Both games are available on NBCSCA. Wednesday’s game will likewise breathe on MLB Network for non-local fans.
CALGARY, Alberta, April 01, 2019 (GLOBE NEWSWIRE) -- advice Release – TransCanada Corporation (TRP.TO) (TRP) (TransCanada) announced today that it has notified the registered shareholder of the applicable dividend rates for Cumulative Redeemable First Preferred Shares, string 7 (Series 7 Shares) and the Cumulative Redeemable First Preferred Shares, string 8 (Series 8 Shares).
As previously announced in their advice release dated March 15, 2019, holders of the string 7 Shares Have the privilege on April 30, 2019 to convert, on a one-for-one basis, any or every of their string 7 Shares into string 8 Shares and receive a floating rate quarterly dividend, or retain any or every of their string 7 Shares and receive a new fixed rate quarterly dividend.
Should a holder of string 7 Shares select to retain their shares, such shareholders will receive the new annual fixed dividend rate applicable to the string 7 Shares of 3.903% for the five-year term commencing April 30, 2019 to, but excluding, April 30, 2024.
Should a holder of string 7 Shares select to transform their shares to string 8 Shares, holders of string 8 Shares will receive the floating quarterly dividend rate applicable to the string 8 Shares of 4.032% for the first quarterly floating rate term commencing efficacious April 30, 2019 to, but excluding, July 30, 2019. The floating quarterly dividend rate will breathe reset every quarter.
Beneficial owners of string 7 Shares who accomplish not provide notice or communicate with their broker or other nominee by 5 p.m. (EDT) on April 15, 2019 will retain their string 7 Shares and receive the new annual fixed dividend rate applicable to the string 7 Shares stated above.
For more information on the terms of, and risks associated with an investment in the string 7 Shares and the string 8 Shares, delight see the prospectus supplement dated February 25, 2013 which is available on sedar.com or on their website.
With more than 65 years' experience, TransCanada is a leader in the responsible development and trustworthy operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates one of the largest natural gas transmission networks that extends more than 92,600 kilometres (57,500 miles), connecting major gas supply basins to markets across North America. TransCanada is a leading provider of gas storage and related services with 653 billion cubic feet of storage capacity. A great independent power producer, TransCanada currently owns or has interests in more than 6,600 megawatts of power generation in Canada and the United States. TransCanada is likewise the developer and operator of one of North America’s leading liquids pipeline systems that extends approximately 4,900 kilometres (3,000 miles), connecting growing continental oil supplies to key markets and refineries. TransCanada’s common shares trade on the Toronto and New York stock exchanges under the attribute TRP. Visit TransCanada.com to learn more, or connect with us on gregarious media.
This publication contains inevitable information that is forward-looking and is theme to distinguished risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders and potential investors with information regarding TransCanada and its subsidiaries, including management's assessment of TransCanada's and its subsidiaries' future plans and monetary outlook. every forward-looking statements reflect TransCanada's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to dwelling undue reliance on this forward-looking information, which is given as of the date it is expressed in this advice release, and not to expend future-oriented information or monetary outlooks for anything other than their intended purpose. TransCanada undertakes no duty to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could antecedent actual results to vary from the anticipated results, mention to the Fourth Quarter 2018 monetary Highlights release and 2018 Annual Report filed under TransCanada's profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.
Media Enquiries:Grady Semmens403.920.7859 or 800.608.7859
Investor & Analyst Enquiries:David Moneta / Duane Alexander403.920.7911 or 800.361.6522
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