{"id":526987,"date":"2021-08-11T17:04:09","date_gmt":"2021-08-11T21:04:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-financial-inc-announces-intention-to-redeem-class-a-non-cumulative-preferred-shares-series-1-and-series-2\/"},"modified":"2021-08-11T17:04:09","modified_gmt":"2021-08-11T21:04:09","slug":"sun-life-financial-inc-announces-intention-to-redeem-class-a-non-cumulative-preferred-shares-series-1-and-series-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-financial-inc-announces-intention-to-redeem-class-a-non-cumulative-preferred-shares-series-1-and-series-2\/","title":{"rendered":"Sun Life Financial Inc. announces intention to redeem Class A Non-Cumulative Preferred Shares Series 1 and Series 2"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2234\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1588430\/Sun_Life_Financial_Inc__Sun_Life_Financial_Inc__announces_intent.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1588430\/Sun_Life_Financial_Inc__Sun_Life_Financial_Inc__announces_intent.jpg\" title=\"Sun Life Logo (CNW Group\/Sun Life Financial Inc.)\" alt=\"Sun Life Logo (CNW Group\/Sun Life Financial Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p \/>\n<p>\n        <span class=\"xn-location\">TORONTO<\/span>, <span class=\"xn-chron\">Aug. 11, 2021<\/span> \/PRNewswire\/ &#8211; Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its intention to redeem its <span class=\"xn-money\">$400 million<\/span> of\u00a0issued and outstanding Class A Non-Cumulative Preferred Shares Series 1 (the &#8220;Series 1 Shares&#8221;) and its <span class=\"xn-money\">$325 million<\/span> of\u00a0issued and outstanding Class A Non-Cumulative Preferred Shares Series 2 (the &#8220;Series 2 Shares&#8221;, and together with the Series 1 Shares, the &#8220;Series 1&amp;2 Shares&#8221;)\u00a0on <span class=\"xn-chron\">September 29, 2021<\/span>.<\/p>\n<p>The Series 1&amp;2 Shares will be redeemed at Sun Life Financial Inc.&#8217;s option on <span class=\"xn-chron\">September 29, 2021<\/span> (the &#8220;Redemption Date&#8221;) at a redemption price of <span class=\"xn-money\">$25.00<\/span> per share, together with all declared and unpaid dividends on such share to but excluding the Redemption Date. Notice will be delivered to the holders of the Series 1&amp;2 Shares, respectively, in accordance with the respective terms governing the Series 1&amp;2 Shares.<\/p>\n<p>Separately from the payment of the redemption price, the final quarterly dividend of <span class=\"xn-money\">$0.296875<\/span> per share for the Series 1 Shares and <span class=\"xn-money\">$0.30<\/span> per share for the Series 2 Shares will be paid in the usual manner on <span class=\"xn-chron\">September 29, 2021<\/span>, to shareholders of record on <span class=\"xn-chron\">August 25<\/span>, 2021.\u00a0 <\/p>\n<p>\n        <b>About Sun Life<br \/><\/b>Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including <span class=\"xn-location\">Canada<\/span>, <span class=\"xn-location\">the United States<\/span>, the <span class=\"xn-location\">United Kingdom<\/span>, <span class=\"xn-location\">Ireland<\/span>, <span class=\"xn-location\">Hong Kong<\/span>, <span class=\"xn-location\">the Philippines<\/span>, <span class=\"xn-location\">Japan<\/span>, <span class=\"xn-location\">Indonesia<\/span>, <span class=\"xn-location\">India<\/span>, <span class=\"xn-location\">China<\/span>, <span class=\"xn-location\">Australia<\/span>, <span class=\"xn-location\">Singapore<\/span>, <span class=\"xn-location\">Vietnam<\/span>, <span class=\"xn-location\">Malaysia<\/span> and <span class=\"xn-location\">Bermuda<\/span>. As of <span class=\"xn-chron\">June 30, 2021<\/span>, Sun Life had total assets under management of <span class=\"xn-money\">$1.36 trillion<\/span>. For more information please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3249528-1&amp;h=119872894&amp;u=http%3A%2F%2Fwww.sunlife.com%2F&amp;a=www.sunlife.com\" rel=\"nofollow noopener\">www.sunlife.com<\/a>. <\/p>\n<p>Sun Life Financial Inc. trades on the <span class=\"xn-location\">Toronto<\/span> (TSX), <span class=\"xn-location\">New York<\/span> (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.<\/p>\n<p>\n        <b>Note to editors: All figures in Canadian dollars<\/b>\n      <\/p>\n<p>\n        <b>Forward-Looking Statements <\/b>\n      <\/p>\n<p>In this forward-looking information section, &#8220;we&#8221;, &#8220;our&#8221; and &#8220;us&#8221; refer to Sun Life and its subsidiaries and joint ventures.\u00a0 Certain statements in this news release are forward-looking, including, but not limited to, statements (i) relating to our anticipated redemption of the Series 1&amp;2 Shares, (ii) that are not historical or that are\u00a0predictive in nature or that depend upon or refer to future events or conditions, and (iii) that include words such as &#8220;will&#8221;, and similar expressions.\u00a0 All such forward-looking statements are made pursuant to the &#8220;safe harbour provisions&#8221; of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995.\u00a0 The forward-looking statements in this news release represent our current expectations, estimates and projections regarding future events as of the time of this news release and are not historical facts.\u00a0 These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties and are based on key factors and assumptions that are difficult to predict, including the assumption that the transaction will be completed. Except as may be required by applicable Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release.\u00a0 Readers are cautioned that undue reliance should not be placed on these forward-looking statements.\u00a0 Information about risk factors relating to us can be found in the annual information form of Sun Life for the year ended <span class=\"xn-chron\">December 31, 2020<\/span> under the heading &#8220;Risk Factors&#8221; and other regulatory filings filed with or furnished to Canadian and U.S. securities regulators available at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3249528-1&amp;h=2803650746&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" rel=\"nofollow noopener\">www.sedar.com<\/a> and <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3249528-1&amp;h=176418604&amp;u=http%3A%2F%2Fwww.sec.gov%2F&amp;a=www.sec.gov\" rel=\"nofollow noopener\">www.sec.gov<\/a>, respectively.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Media Relations Contact:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Investor Relations Contact:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Irene Poon<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Yaniv Bitton<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Manager<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Vice-President, Head of Investor Relations<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Corporate Communications<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Relations &amp; Capital Management<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">T. 416-988-0542<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">T. 416-979-6496<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:irene.poon@sunlife.com\" class=\"prnews_a\" rel=\"nofollow noopener\">irene.poon@sunlife.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:investor_relations@sunlife.com\" class=\"prnews_a\" rel=\"nofollow noopener\">investor_relations@sunlife.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO65027&amp;sd=2021-08-11\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/sun-life-financial-inc-announces-intention-to-redeem-class-a-non-cumulative-preferred-shares-series-1-and-series-2-301353603.html\">https:\/\/www.prnewswire.com\/news-releases\/sun-life-financial-inc-announces-intention-to-redeem-class-a-non-cumulative-preferred-shares-series-1-and-series-2-301353603.html<\/a><\/p>\n<p>SOURCE  Sun Life Financial Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=TO65027&amp;Transmission_Id=202108111701PR_NEWS_USPR_____TO65027&amp;DateId=20210811\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire TORONTO, Aug. 11, 2021 \/PRNewswire\/ &#8211; Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its intention to redeem its $400 million of\u00a0issued and outstanding Class A Non-Cumulative Preferred Shares Series 1 (the &#8220;Series 1 Shares&#8221;) and its $325 million of\u00a0issued and outstanding Class A Non-Cumulative Preferred Shares Series 2 (the &#8220;Series 2 Shares&#8221;, and together with the Series 1 Shares, the &#8220;Series 1&amp;2 Shares&#8221;)\u00a0on September 29, 2021. The Series 1&amp;2 Shares will be redeemed at Sun Life Financial Inc.&#8217;s option on September 29, 2021 (the &#8220;Redemption Date&#8221;) at a redemption price of $25.00 per share, together with all declared and unpaid dividends on such share to but excluding the Redemption Date. Notice will be delivered to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-financial-inc-announces-intention-to-redeem-class-a-non-cumulative-preferred-shares-series-1-and-series-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sun Life Financial Inc. announces intention to redeem Class A Non-Cumulative Preferred Shares Series 1 and Series 2&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-526987","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sun Life Financial Inc. announces intention to redeem Class A Non-Cumulative Preferred Shares Series 1 and Series 2 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-financial-inc-announces-intention-to-redeem-class-a-non-cumulative-preferred-shares-series-1-and-series-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sun Life Financial Inc. announces intention to redeem Class A Non-Cumulative Preferred Shares Series 1 and Series 2 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire TORONTO, Aug. 11, 2021 \/PRNewswire\/ &#8211; Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its intention to redeem its $400 million of\u00a0issued and outstanding Class A Non-Cumulative Preferred Shares Series 1 (the &#8220;Series 1 Shares&#8221;) and its $325 million of\u00a0issued and outstanding Class A Non-Cumulative Preferred Shares Series 2 (the &#8220;Series 2 Shares&#8221;, and together with the Series 1 Shares, the &#8220;Series 1&amp;2 Shares&#8221;)\u00a0on September 29, 2021. The Series 1&amp;2 Shares will be redeemed at Sun Life Financial Inc.&#8217;s option on September 29, 2021 (the &#8220;Redemption Date&#8221;) at a redemption price of $25.00 per share, together with all declared and unpaid dividends on such share to but excluding the Redemption Date. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-financial-inc-announces-intention-to-redeem-class-a-non-cumulative-preferred-shares-series-1-and-series-2\/","og_locale":"en_US","og_type":"article","og_title":"Sun Life Financial Inc. announces intention to redeem Class A Non-Cumulative Preferred Shares Series 1 and Series 2 - Market Newsdesk","og_description":"PR Newswire TORONTO, Aug. 11, 2021 \/PRNewswire\/ &#8211; Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its intention to redeem its $400 million of\u00a0issued and outstanding Class A Non-Cumulative Preferred Shares Series 1 (the &#8220;Series 1 Shares&#8221;) and its $325 million of\u00a0issued and outstanding Class A Non-Cumulative Preferred Shares Series 2 (the &#8220;Series 2 Shares&#8221;, and together with the Series 1 Shares, the &#8220;Series 1&amp;2 Shares&#8221;)\u00a0on September 29, 2021. The Series 1&amp;2 Shares will be redeemed at Sun Life Financial Inc.&#8217;s option on September 29, 2021 (the &#8220;Redemption Date&#8221;) at a redemption price of $25.00 per share, together with all declared and unpaid dividends on such share to but excluding the Redemption Date. 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