Sun Life Financial Inc. redeems Class A Non-Cumulative Preferred Shares Series 1 and Series 2

Rhea-AI Summary

Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) announced the successful redemption of all issued Class A Non-Cumulative Preferred Shares Series 1 and Series 2. This strategic move, completed on September 29, 2021, enhances the company's capital structure and reflects its commitment to optimizing shareholder value. As of June 30, 2021, Sun Life managed total assets of $1.36 trillion across various global markets, positioning itself as a leading international financial services organization.

Positive

• Redemption of Class A Preferred Shares can improve capital structure.
• Strengthened shareholder value post-redemption.

Negative

• Potential liquidity strain due to significant capital distribution.

TORONTO, Sept. 29, 2021 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) announced today that it completed the redemption of all of its issued and outstanding Class A Non-Cumulative Preferred Shares Series 1 and all of its issued and outstanding Class A Non-Cumulative Preferred Shares Series 2.

About Sun Life
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 Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2021, Sun Life had total assets under management of $1.36 trillion. 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

Media Relations Contact:	Investor Relations Contact:
Irene Poon	Yaniv Bitton
Manager	Vice-President, Head of Investor
Corporate Communications	Relations & Capital Markets
T. 416-988-0542	T. 416-979-6496
irene.poon@sunlife.com	investor_relations@sunlife.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sun-life-financial-inc-redeems-class-a-non-cumulative-preferred-shares-series-1-and-series-2-301388217.html

SOURCE Sun Life Financial Inc.

FAQ

What shares did Sun Life Financial redeem on September 29, 2021?

Sun Life Financial redeemed all issued Class A Non-Cumulative Preferred Shares Series 1 and Series 2.

What is the ticker symbol for Sun Life Financial?

The ticker symbol for Sun Life Financial is SLF, traded on TSX and NYSE.

How much total assets does Sun Life Financial manage?

As of June 30, 2021, Sun Life Financial managed $1.36 trillion in total assets.

What does the redemption of preferred shares mean for SLF investors?

The redemption of preferred shares may enhance the capital structure and value for SLF investors.