Sun Life defers redemption of preferred shares due Sept. 30, 2026, opens conversion option

Reuters2026/08/14 21:01

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Sun Life will not redeem its Class A Non-Cumulative Rate Reset Preferred Shares Series 10R or Series 11QR on Sept. 30, 2026.
Holders can convert Series 10R into Series 11QR, or Series 11QR into Series 10R, on a one-for-one basis on Sept. 30.
Conversion elections must be submitted by 5:00 p.m. ET on Sept. 16, 2026.
Dividend rates reset Aug. 31, 2026 for Series 10R through Sept. 29, 2031; Series 11QR rate set for Sept. 30–Dec. 30, 2026.
Automatic conversion applies if either series would have fewer than 1 million shares outstanding following Sept. 30, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sun Life Financial Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608141701PR_NEWS_USPR_____TO26306) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sun Life defers redemption of preferred shares due Sept. 30, 2026, opens conversion option

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