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PR Newswire·

Sun Life cautions shareholders regarding Ocehan LLC's below-market bid for shares

  • Sun Life Financial Inc. was notified that Ocehan LLC made an unsolicited mini-tender offer to purchase up to 100,000 common shares.
  • Sun Life states it has no association with Ocehan & does not recommend accepting the offer.
  • The offer price represents a discount of 24.95% to the TSX closing price on May 25, 2026, & 24.38% to the NYSE closing price on May 22, 2026.
  • Canadian & U.S. securities regulators warn that mini-tender offers often bypass standard disclosure requirements & may trick investors into selling below market value.
  • The SEC advises investors to compare offer prices against current market prices & provided specific guidance via its website.
  • Shareholders who have already tendered shares may withdraw them within 21 days per Ocehan's procedures.
  • Sun Life requests that its news release be included in any distribution of materials related to the offer.
  • Sun Life has total assets under management of $1.58 trillion as of March 31, 2026.
  • Sun Life stock trades under the ticker symbol SLF on the TSX, NYSE, & PSE.
  • All figures in the release are in Canadian dollars.