Sun Life Financial Inc. redeems Class A Non-Cumulative Rate Reset Preferred Shares Series 12R

Rhea-AI Summary

On December 31, 2021, Sun Life Financial Inc. (TSX: SLF; NYSE: SLF) completed the redemption of all outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 12R. This action reflects Sun Life's financial strategy and commitment to capital management. As of September 30, 2021, the company managed total assets worth $1.39 trillion, providing a strong foundation for its operations across various international markets including Canada, the U.S., and the U.K.

Positive

• Redemption of all Class A Non-Cumulative Rate Reset Preferred Shares Series 12R enhances capital structure.
• Maintained strong asset management with total assets of $1.39 trillion as of September 30, 2021.

Negative

• None.

TORONTO, Dec. 31, 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 Rate Reset Preferred Shares Series 12R.

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 September 30, 2021, Sun Life had total assets under management of $1.39 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:
Krista Wilson
Director, Corporate Communications
T. 226-751-2391
krista.wilson@sunlife.com

Investor Relations Contact:
Yaniv Bitton
Vice-President, Head of Investor Relations & Capital Markets
T. 416-979-6496
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-rate-reset-preferred-shares-series-12r-301452432.html

SOURCE Sun Life Financial Inc.

FAQ

What was the recent announcement by Sun Life Financial related to SLF on December 31, 2021?

Sun Life Financial announced the completion of the redemption of all issued and outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 12R.

How does the redemption of shares affect Sun Life Financial's capital structure?

The redemption of shares is part of Sun Life's strategy to improve its capital management.

What are the total assets managed by Sun Life Financial as of September 30, 2021?

As of September 30, 2021, Sun Life Financial managed total assets worth $1.39 trillion.