newsfilter
← Latest News
PR Newswire·

Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR

SLF
  • Sun Life Financial Inc. will not redeem its Series 10R or Series 11QR preferred shares on September 30, 2026.
  • Holders of both share series gain the right to convert their holdings into the other series on a one-for-one basis on September 30, 2026.
  • Shares not converted by the deadline will retain their original series classification.
  • Automatic conversion conditions apply if outstanding shares of either series fall below one million after September 30, 2026.
  • Sun Life will notify affected registered holders of any automatic conversion by Monday, September 21, 2026.
  • Dividend rates for Series 10R (five-year period) and Series 11QR (three-month period) will be announced on August 31, 2026.
  • The deadline for beneficial owners to exercise conversion rights is 5:00 p.m. (ET) on Wednesday, September 16, 2026.
  • Future redemption options exist for Series 10R shares at $25.00 plus unpaid dividends on September 30, 2031, and every five years thereafter.
  • Future redemption options for Series 11QR shares are $25.00 plus dividends on September 30, 2031, or $25.50 plus dividends on other dates.
  • The shares are not registered under the U.S. Securities Act of 1933, restricting offers or sales to U.S. persons.
  • Sun Life is an international financial services firm with $1.70 trillion in assets under management as of June 30, 2026.
  • Sun Life Financial Inc. trades on the TSX, NYSE, and PSE under the ticker symbol SLF.
  • All figures in the release are denominated in Canadian dollars.