TORONTO, Jan. 4, 2017 /CNW/ - Sun Life Financial Inc.
(TSX: SLF) (NYSE: SLF) today announced its intention to redeem all
of the outstanding $800 million
principal amount of Series 2012-1 Subordinated Unsecured 4.38%
Fixed/Floating Debentures (the "Debentures") in accordance with the
redemption terms attached to the Debentures. The redemption will be
funded from existing cash and liquid assets.
The Debentures are redeemable at Sun Life Financial Inc.'s
option on March 2, 2017 (the
"Redemption Date") at a redemption price per Debenture equal to the
principal amount together with accrued and unpaid interest to the
Redemption Date. Notice will be delivered to the holders of the
Debentures in accordance with the terms outlined in the trust
indenture governing the Debentures.
After the Debentures are redeemed, interest will cease to accrue
from and after the Redemption Date and holders of Debentures will
not be entitled to exercise any rights as holders other than to
receive the redemption price.
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 September 30, 2016, the Sun Life Financial group
of companies had total assets under management of $908 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.
Media Relations Contact:
Gannon Loftus
Manager, Media & PR
Corporate Communications
T. 416-979-6345
gannon.loftus@sunlife.com
Investor Relations Contact:
Greg Dilworth
Vice-President
Investor Relations
T. 416-979-6230
investor.relations@sunlife.com
SOURCE Sun Life Financial Inc. - Financial News