{"id":526988,"date":"2021-08-11T17:05:09","date_gmt":"2021-08-11T21:05:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/"},"modified":"2021-08-11T17:05:09","modified_gmt":"2021-08-11T21:05:09","slug":"sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/","title":{"rendered":"Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR"},"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=\"DivAssetPlaceHolder9178\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1591048\/Sun_Life_Financial_Inc__Sun_Life_Announces_Conversion_Privilege.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1591048\/Sun_Life_Financial_Inc__Sun_Life_Announces_Conversion_Privilege.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        <span class=\"xn-location\">TORONTO<\/span>, <span class=\"xn-chron\">Aug. 11, 2021<\/span> \/PRNewswire\/ &#8211; Sun Life today announced that it does not intend to exercise its right to redeem its currently outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 10R (the &#8220;Series 10R Shares&#8221;) nor its currently outstanding Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR (the &#8220;Series 11QR Shares&#8221;) on <span class=\"xn-chron\">September 30, 2021<\/span>. As a result, subject to certain conditions, the holders of Series 10R Shares have the right to convert all or part of their Series 10R Shares on a one-for-one basis into Series 11QR Shares, and the holders of Series 11QR Shares have the right to convert all or a part of their Series 11QR Shares on a one-for-one basis into Series 10R Shares, in each case on <span class=\"xn-chron\">September 30, 2021<\/span>. Holders of Series 10R Shares who do not exercise their right to convert their Series 10R Shares into Series 11QR Shares on such date will retain their Series 10R Shares, and holders of Series 11QR Shares who do not exercise their right to convert their Series 11QR Shares into Series 10R Shares on such date will retain their Series 11QR Shares.<\/p>\n<p>The foregoing conversions are subject to the conditions that: (i) if Sun Life determines that there would be less than one million Series 10R Shares outstanding after <span class=\"xn-chron\">September 30, 2021<\/span>, then all remaining Series 10R Shares will automatically be converted into Series 11QR Shares on a one-for-one basis on <span class=\"xn-chron\">September 30, 2021<\/span>, and (ii) alternatively, if Sun Life determines that there would be less than one million Series 11QR Shares outstanding after <span class=\"xn-chron\">September 30, 2021<\/span>, then all remaining Series 11QR Shares will automatically be converted into Series 10R Shares on a one-for-one basis on <span class=\"xn-chron\">September 30, 2021<\/span>. In either case, Sun Life will give a written notice to that effect to any registered holder affected by the preceding minimums on or before <span class=\"xn-chron\">Wednesday, September 22, 2021<\/span>.<\/p>\n<p>The dividend rate applicable to the Series 10R Shares for the five-year period commencing on <span class=\"xn-chron\">September 30, 2021<\/span> and ending on <span class=\"xn-chron\">September 29, 2026<\/span>, and the dividend rate applicable to the Series 11QR Shares for the three-month period commencing on <span class=\"xn-chron\">September 30, 2021<\/span> and ending on <span class=\"xn-chron\">December 30, 2021<\/span>, will be determined on <span class=\"xn-chron\">Tuesday, August 31, 2021<\/span> and will be announced in a news release on <span class=\"xn-chron\">Tuesday, August 31, 2021<\/span>.<\/p>\n<p>Beneficial owners of Series 10R Shares and Series 11QR Shares who wish to exercise their right of conversion should communicate as soon as possible with their broker or other nominee and ensure that they follow their instructions in order to ensure that they meet the deadline to exercise such right, which is 5:00 p.m. (ET) on <span class=\"xn-chron\">Wednesday, September 15, 2021<\/span>.<\/p>\n<p>Subject to regulatory approval, Sun Life may redeem all or any part of the outstanding Series 10R Shares, at Sun Life&#8217;s option, by the payment of an amount in cash for each share so redeemed of <span class=\"xn-money\">$25.00<\/span>, together with all declared and unpaid dividends to the date fixed for redemption, on <span class=\"xn-chron\">September 30, 2026<\/span> and on the 30th of September in every fifth year thereafter. Subject to regulatory approval, Sun Life may redeem all or any part of the then outstanding Series 11QR Shares, at Sun Life&#8217;s option, by the payment of an amount in cash for each share so redeemed of (i) <span class=\"xn-money\">$25.00<\/span>, together with all declared and unpaid dividends to the date fixed for redemption in the case of redemptions on <span class=\"xn-chron\">September 30<\/span> 2026 and on <span class=\"xn-chron\">September 30<\/span> every five years thereafter, or (ii) <span class=\"xn-money\">$25.50<\/span>, together with all declared and unpaid dividends to the date fixed for redemption in the case of redemptions on any other date.<\/p>\n<p>The Series 10R Shares and the Series 11QR 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 <span class=\"xn-location\">the United States of America<\/span> 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 <span class=\"xn-location\">the United States<\/span>.<\/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=3253866-1&amp;h=2058710026&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>Media Relations Contact:<br \/><span class=\"xn-person\">Irene Poon<\/span><br \/>Manager<br \/>Corporate Communications<br \/>T. 416-988-0542<br \/><a target=\"_blank\" href=\"mailto:irene.poon@sunlife.com\" rel=\"nofollow noopener\">irene.poon@sunlife.com<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n<p>Investor Relations Contact:<br \/><span class=\"xn-person\">Yaniv Bitton<\/span><br \/>Vice-President, Head of Investor<br \/>Relations &amp; Capital Management<br \/>T. 416-979-6496<br \/><a target=\"_blank\" href=\"mailto:investor_relations@sunlife.com\" rel=\"nofollow noopener\">investor_relations@sunlife.com<\/a><\/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=TO69404&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-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr-301353594.html\">https:\/\/www.prnewswire.com\/news-releases\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr-301353594.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=TO69404&amp;Transmission_Id=202108111702PR_NEWS_USPR_____TO69404&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 today announced that it does not intend to exercise its right to redeem its currently outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 10R (the &#8220;Series 10R Shares&#8221;) nor its currently outstanding Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR (the &#8220;Series 11QR Shares&#8221;) on September 30, 2021. As a result, subject to certain conditions, the holders of Series 10R Shares have the right to convert all or part of their Series 10R Shares on a one-for-one basis into Series 11QR Shares, and the holders of Series 11QR Shares have the right to convert all or a part of their Series 11QR Shares on a one-for-one basis into &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR&#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-526988","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 Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR - 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-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire TORONTO, Aug. 11, 2021 \/PRNewswire\/ &#8211; Sun Life today announced that it does not intend to exercise its right to redeem its currently outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 10R (the &#8220;Series 10R Shares&#8221;) nor its currently outstanding Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR (the &#8220;Series 11QR Shares&#8221;) on September 30, 2021. As a result, subject to certain conditions, the holders of Series 10R Shares have the right to convert all or part of their Series 10R Shares on a one-for-one basis into Series 11QR Shares, and the holders of Series 11QR Shares have the right to convert all or a part of their Series 11QR Shares on a one-for-one basis into &hellip; Continue reading &quot;Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-11T21:05:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1591048\/Sun_Life_Financial_Inc__Sun_Life_Announces_Conversion_Privilege.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR\",\"datePublished\":\"2021-08-11T21:05:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\\\/\"},\"wordCount\":827,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1591048\\\/Sun_Life_Financial_Inc__Sun_Life_Announces_Conversion_Privilege.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\\\/\",\"name\":\"Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR - 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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-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/","og_locale":"en_US","og_type":"article","og_title":"Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR - Market Newsdesk","og_description":"PR Newswire TORONTO, Aug. 11, 2021 \/PRNewswire\/ &#8211; Sun Life today announced that it does not intend to exercise its right to redeem its currently outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 10R (the &#8220;Series 10R Shares&#8221;) nor its currently outstanding Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR (the &#8220;Series 11QR Shares&#8221;) on September 30, 2021. As a result, subject to certain conditions, the holders of Series 10R Shares have the right to convert all or part of their Series 10R Shares on a one-for-one basis into Series 11QR Shares, and the holders of Series 11QR Shares have the right to convert all or a part of their Series 11QR Shares on a one-for-one basis into &hellip; Continue reading \"Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-11T21:05:09+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1591048\/Sun_Life_Financial_Inc__Sun_Life_Announces_Conversion_Privilege.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR","datePublished":"2021-08-11T21:05:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/"},"wordCount":827,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1591048\/Sun_Life_Financial_Inc__Sun_Life_Announces_Conversion_Privilege.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-conversion-privilege-of-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr\/","name":"Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR - 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