TORONTO, June 19, 2015 /CNW/ - Sun Life Financial Inc.
(TSX: SLF) (NYSE: SLF) ("Sun Life Financial") today announced that
6,007,314 of its 11,200,000 Class A Non-cumulative Rate Reset
Preferred Shares Series 8R (the "Series 8R Shares") have been
elected for conversion on June 30,
2015, on a one-for-one basis, into Class A Non-cumulative
Floating Rate Preferred Shares Series 9QR (the "Series 9QR
Shares"). Consequently, on June 30,
2015, Sun Life Financial will have 5,192,686 Series 8R
Shares and 6,007,314 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.
Subject to regulatory approval, Sun Life Financial may redeem
the Series 8R Shares and the Series 9QR Shares in whole or in part
on June 30, 2020 and on the 30th of
June every five years thereafter.
The Series 8R Shares and the Series 9QR Shares have not been and
will not be registered under the United States Securities Act of
1933, as amended, and subject to certain exceptions, may not be
offered, sold or delivered, directly or indirectly, in the United States of America for the account
or benefit of U.S. persons. This release does not constitute an
offer to sell or a solicitation to buy such securities in the
United Sates.
About Sun Life Financial
Celebrating 150 years in
2015, Sun Life Financial is a leading international financial
services organization providing a diverse range of protection and
wealth products and services to individuals and corporate
customers. Sun Life Financial and its partners have operations in a
number of markets worldwide, including Canada, the United
States, the United Kingdom,
Ireland, Hong Kong, the
Philippines, Japan,
Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2015, the Sun
Life Financial group of companies had total assets under management
of $813 billion. For more information
please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Note to Editors: All figures in Canadian dollars except as
otherwise noted.
SOURCE Sun Life Financial Inc. - Financial News