BlackBerry receives $70M in financing from Manulife Financial

“Manulife Financial Corp. has become the latest big-name investor to buy into a $1-billion bond deal for struggling smartphone maker BlackBerry.  The addition of the insurance company was disclosed in an amended filing with the U.S. Securities and Exchange Commission by Fairfax Financial Holdings Ltd., which is leading the debt financing.  Manulife is investing $70 million under the deal”, wrote The Canadian Press for the CBC News Friday evening (November 8th). “Markel Corp. and Brookfield Asset Management Inc. both pared back their planned investment in the bond offering to make room for Manulife.  Other investors include Mackenzie Financial Corp., Canso Investment Counsel Ltd. and Qatar Holding LLC”. Read the full article here. |Raymond Matt, CFP, CLU, TEP, CHS  

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