Sun Life Reports Conversion Results for Preferred Shares
Sun Life Financial Inc. announced that 1,400 of its Class A Non-cumulative Rate Reset Preferred Shares Series 10R were elected for conversion on September 30, 2026. No Series 11QR preferred shares were converted.
Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) announced on September 21, 2026, the results of the conversion privilege for its Class A Non-cumulative Rate Reset Preferred Shares Series 10R (the "Series 10R Shares"). A total of 1,400 out of the 6,838,672 outstanding Series 10R Shares have been elected for conversion, effective September 30, 2026.
Concurrently, Sun Life reported that it received no notices for the conversion of its Class A Non-cumulative Floating Rate Preferred Shares Series 11QR (the "Series 11QR Shares"). Consequently, no Series 11QR Shares will be converted into ordinary preferred shares.
These conversions relate to specific provisions within the terms of these preferred share series, which allow holders to elect conversion under certain conditions. The outcome affects the number of outstanding shares for each series and reflects holder decisions based on market conditions and the specific terms of the shares.
Sun Life is a global financial services organization. The company's operations include insurance and wealth management, serving clients worldwide. Sun Life is listed on the Toronto and New York stock exchanges.