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Sun Life Reports Results of Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR
Sun Life Reports Results of Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred S...
About this update from Sun Life Financial Inc.
[{"type":"text","content":"\n\n\n\n Sun Life Reports Results of Conversion Privilege of 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 TORONTO\n \n\n ,\n \n\n June 20, 2025\n \n\n /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced that 1,400 of its 6,217,331 Class A Non-cumulative Rate Reset Preferred Shares Series 8R (the \"Series 8R Shares\") have been elected for conversion on\n \n June 30, 2025\n \n , on a one-for-one basis, into Class A Non-cumulative Floating Rate Preferred Shares Series 9QR (the \"Series 9QR Shares\"), and 2,664,916 of its 4,982,669 Series 9QR Shares have been elected for conversion on\n \n June 30, 2025\n \n on a one-for-one basis into Series 8R Shares. Consequently, on\n \n June 30, 2025\n \n , Sun Life will have 8,880,847 Series 8R Shares and 2,319,153 Series 9QR Shares issued and outstanding. The Series 8R Shares and Series 9QR Shares will be listed on the Toronto Stock Exchange under the symbols SLF.PR.G and SLF.PR.J, respectively.\n \n\n\n\n\n\n\n\n\n Subject to regulatory approval, Sun Life may redeem all or any part of the outstanding Series 8R Shares, at Sun Life's option, by the payment of an amount in cash for each share so redeemed of\n \n $25.00\n \n , together with all declared and unpaid dividends to the date fixed for redemption, on\n \n June 30, 2030\n \n and on\n \n June 30\n \n every five years thereafter. Subject to regulatory approval, Sun Life may redeem all or any part of the then outstanding Series 9QR Shares, at Sun Life's option, by the payment of an amount in cash for each share so redeemed of (i)\n \n $25.00\n \n , together with all declared and unpaid dividends to the date fixed for redemption in the case of redemptions on\n \n June 30, 2030\n \n and on\n \n June 30\n \n every five years thereafter, or (ii)\n \n $25.50\n \n , together with all declared and unpaid dividends to the date fixed for redemption in the case of redemptions on any other date.\n \n\n The...