Sun Life converts all Series 11QR preferred shares into Series 10R after elections fall short
Bitget2026/09/22 10:01- Sun Life will automatically convert all remaining Series 11QR preferred shares into Series 10R shares on Sept. 30, 2026.
- Automatic conversion triggered because Series 11QR shares would fall below 1 million outstanding following elections.
- Elections covered 1,400 Series 10R shares into Series 11QR shares, versus 621,829 Series 11QR shares into Series 10R shares.
- Post-conversion, Sun Life will have 8,000,000 Series 10R shares outstanding, with no Series 11QR shares remaining.
- Series 10R dividend rate resets to 5.52% from Sept. 30, 2026 through Sept. 30, 2031.
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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