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Sun Life Announces Dividend Rates on Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR
Sun Life Announces Dividend Rates on Class A Non-Cumulative Rate Reset Preferred Shares Series 8R...
About this update from Sun Life Financial Inc.
[{"type":"text","content":"\n\n\n\n Sun Life Announces Dividend Rates on Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n May 30, 2025\n \n\n /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced the applicable dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 8R (the \"Series 8R Shares\") and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR (the \"Series 9QR Shares\").\n \n\n With respect to any Series 8R Shares that remain outstanding after\n \n June 30, 2025\n \n , commencing as of such date, holders thereof will be entitled to receive non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Sun Life and subject to the\n \n Insurance Companies Act\n \n (\n \n Canada\n \n ). The dividend rate for the five-year period commencing on\n \n June 30, 2025\n \n to but excluding\n \n June 30, 2030\n \n will be 4.230% per annum or\n \n $0.264375\n \n per share per quarter, being equal to the sum of the Government of Canada Yield, as defined in the terms of the Series 8R Shares, on\n \n Friday, May 30, 2025\n \n plus 1.41%, as determined in accordance with the terms of the Series 8R Shares.\n \n\n With respect to any Series 9QR Shares that remain outstanding after\n \n June 30, 2025\n \n , holders thereof will be entitled to receive floating rate non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Sun Life and subject to the\n \n Insurance Companies Act\n \n (\n \n Canada\n \n ), based on a dividend rate equal to the sum of the T-Bill Rate, as defined in the terms of the Series 9QR Shares, plus 1.41% (calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365 days), subject to certain adjustments in accordance with the terms of the Series 9QR Shares. The dividend rate ...