TORONTO, June 1, 2016 /CNW/ - Sun Life Financial Inc.
(TSX: SLF) (NYSE: SLF) today announced that it has redeemed all of
its outstanding $950 million
principal amount of Series B Senior Unsecured 4.95% Fixed/Floating
Debentures (the "Debentures").
Under Minimum Continuing Capital and Surplus Requirements
("MCCSR") of the Superintendent of Financial
Institutions, Canada, senior
debentures do not qualify as available capital. As a result, the
redemption of the Debentures will have no impact on the MCCSR ratio
of Sun Life Assurance Company of Canada or Sun Life Financial
Inc.
About Sun Life Financial
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 has 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, 2016, the Sun Life Financial group of companies had
total assets under management of $861
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.
SOURCE Sun Life Financial Inc.