FORM 13-501F1 |
| CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – |
PARTICIPATING FEE |
| | MANAGEMENT CERTIFICATION |
| | | I, Kay Song, an officer of the reporting issuer noted below have examined this Form 13-501F1 (the | Form) |
| | | being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having |
| | | exercised reasonable diligence, the information provided in the Form is complete and accurate. |
| | | (s) ”Kay Song” | | February 9, 2022 |
| | | Name: Kay Song | | Date: |
| | | Title: Assistant Corporate Secretary |
| | | Reporting Issuer Name: | MANULIFE FINANCIAL CORPORATION |
| | | End date of previous financial year: | December 31, 2021 |
| | | Type of Reporting Issuer: | | Class 1 reporting issuer | | | | | | | Class 3B reporting issuer |
| | | Highest Trading Marketplace: | Toronto Stock Exchange (TSX) |
| | | Market value of listed or quoted equity securities: |
| | | (in Canadian Dollars) |
| | | Equity Symbol | MFC |
| | | 1st Specified Trading Period (dd/mm/yy) | | | | 01/01/21 to 31/03/21 |
| | | Closing price of the security in the class or series on the |
| | | last trading day of the specified trading period in which |
| | | such security was listed or quoted on the highest trading |
| | | marketplace | $27.03 | | | | (i) |
| | | Number of securities in the class or series of such |
| | | security outstanding at the end of the last trading day of |
| | | the specified trading period | 1,941,972,879 (ii) |
| | | Market value of class or series | | | | (i) x (ii) = | $52,491,526,919 (A) |
| | | 2nd Specified Trading Period (dd/mm/yy) | | | | 01/04/21 to 30/06/21 |
| | | Closing price of the security in the class or series on the |
| | | last trading day of the specified trading period in which |
| | | such security was listed or quoted on the highest trading |
| | | marketplace | $24.40 | | | | (iii) |
| | | Number of securities in the class or series of such |
| | | security outstanding at the end of the last trading day of |
| | | the specified trading period | 1,942,124,352 (iv) |
| | | Market value of class or series | | | | | | (iii) x (iv) = | $47,387,834,189 (B) |
| 3rd Specified Trading Period (dd/mm/yy) | 01/07/21 to 30/09/21 |
| Closing price of the security in the class or series on the |
| last trading day of the specified trading period in which |
| such security was listed or quoted on the highest trading |
| marketplace | | $24.38 | (v) |
| Number of securities in the class or series of such |
| security outstanding at the end of the last trading day of |
| the specified trading period | | 1,942,349,528 (vi) |
| Market value of class or series | (v) x (vi) = | $47,354,481,493 (C) |
| 4th Specified Trading Period (dd/mm/yy) | 01/10/21 to 31/12/21 |
| Closing price of the security in the class or series on the |
| last trading day of the specified trading period in which |
| such security was listed or quoted on the highest trading |
| marketplace | | $24.11 | (vii) |
| Number of securities in the class or series of such |
| security outstanding at the end of the last trading day of |
| the specified trading period | | 1,942,637,458 (viii) |
| Market value of class or series | | | | (vii) x (viii) = | $46,836,989,112 (D) |
| Average Market Value of Class or Series |
| (Calculate the simple average of the market value of the class or |
| series of security for each applicable specified trading period | $48,517,707,928 (1) |
| (i.e. A through D above)) | | | | | |
| (Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if |
| applicable) that was listed or quoted on a marketplace at the end of the previous financial year) |
2 |
| Fair value of outstanding debt securities: | $ 18,478,138,797 (2) |
| (Provide details of how value was determined* |
| Manulife Financial Corporation 4.150% Senior Notes (in US$) | $1,388,063,508 1 |
| Manulife Financial Corporation 5.375% Senior Notes (in US$) | $1,326,787,565 1 |
| Manulife Financial Corporation 3.85% Subordinated Notes (in Singapore $) |
| Redeemed May 25, 2021 | -- |
| Manulife Financial Corporation 4.70% Senior Notes (in US$) |
| Redeemed June 23, 2021 | -- |
| Manulife Financial Corporation 3.527% Senior Notes (in US$) | $368,160,372 1 |
| Manulife Financial Corporation 4.061% Subordinated Notes (in US$) | $1,021,916,529 1 |
| Manulife Financial Corporation 3.049% Senior Notes | $772,785,000 |
| Manulife Financial Corporation 3.00% Subordinated Notes (in Singapore $) | $483,610,943 2 |
| Manulife Financial Corporation 3.317% Subordinated Debentures | $614,694,000 |
| Manulife Financial Corporation 2.237% Subordinated Debentures | $1,007,430,000 |
| Manulife Financial Corporation 2.818% Subordinated Debentures | $1,005,950,000 |
| Manulife Financial Corporation 2.484% Senior Notes (in US$) | $649,354,482 1 |
| Manulife Financial Corporation 2.396% Senior Notes (in US$) | $258,423,281 1 |
| Manulife Financial Corporation 3.050% Senior Notes (in US$) | $1,448,143,029 1 |
| Manulife Financial Corporation 3.375% Limited Recourse Capital Notes, |
| Series 1 (Subordinated Indebtedness) | $1,942,480,000 |
| Manulife Financial Corporation 4.10% Limited Recourse Capital Notes, |
| Series 2 (Subordinated Indebtedness) | $1,194,624,000 |
| The Manufacturers Life Insurance Company 2.389% Subordinated Debentures |
| Redeemed January 5, 2021 | -- |
| The Manufacturers Life Insurance Company 3.181% Subordinated Debentures | $1,018,160,000 |
| Manulife Finance (Delaware), L.P. 5.059% Subordinated Debentures | $789,717,500 |
| *Source: MFC’s 2021 annual audited financial statements |
| MFC.PR.B - Class A Shares, Series 2 – 14,000,000 x $25.00 = | $350,000,000 |
| MFC.PR.C - Class A Shares, Series 3 – 12,000,000 x $24.85 = | $298,200,000 |
| MFC.PR.F - Class 1 Shares, Series 3 – 6,537,903 x $18.30 = | $119,643,625 |
| MFC.PR.P – Class 1 Shares, Series 4 - 1,462,097 x $17.15 = | $25,074,964 |
| MFC.PR.H - Class 1 Shares, Series 7 – 10,000,000 x $25.15 = | $251,500,000 |
| MFC.PR.I - Class 1 Shares, Series 9 – 10,000,000 x $25.35 = | $253,500,000 |
| MFC.PR.J - Class 1 Shares, Series 11 – 8,000,000 x $25.37 = | $202,960,000 |
| MFC.PR.K - Class 1 Shares, Series 13 – 8,000,000 x $24.21 = | $193,680,000 |
| MFC.PR.L - Class 1 Shares, Series 15 – 8,000,000 x $22.89 = | $183,120,000 |
| MFC.PR.M - Class 1 Shares, Series 17 – 14,000,000 x $24.09 = | $337,260,000 |
| MFC.PR.N - Class 1 Shares, Series 19 – 10,000,000 x $23.99 = | $239,900,000 |
| MFC.PR.R – Class 1 Shares, Series 23 – 19,000,000 x $25.20 = | $478,800,000 |
| MFC.PR.Q – Class 1 Shares, Series 25 – 10,000,000 x $25.42 = | $254,200,000 |
| Capitalization for the previous financial year | | (1) + (2) | $66,995,846,726 |
| Participation Fee | $48,000 |
| Total Fee Payable | $48,000 |
| (Participating Fee plus Late Fee) | | | |
| 1 | Debt denominated in $USD and was converted to $CAD at a USD/CAD exchange rate of 1.2678. |
| 2 | MFC 3.00% Subordinated Notes is denominated in $SGD and was converted to $CAD at an SGD/CAD exchange rate of 0.9401. | |
3 |