UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month
of January 2021 |
Commission File Number: 001-15014 |
SUN LIFE FINANCIAL INC.
(the "Company")
(Translation of registrant's name into English)
1
York Street, 31st Floor, Toronto, Ontario, M5J 0B6
(Address of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or
Form 40-F.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):____
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):____
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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Sun
Life Financial Inc.
(Registrant) |
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Date:
January 5, 2021 |
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By: |
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/s/
“Tracie Allan” |
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Tracie Allan |
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Assistant
Vice-President and Managing Counsel, Sun Life Financial
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Exhibit 99.1
Sun Life cautions investors regarding
Obatan LLC bid for shares
TORONTO, Jan. 5, 2021 /CNW/ - Sun Life Financial
Inc. (the "Company" or "Sun Life") (TSX: SLF) (NYSE: SLF) has been notified that Obatan LLC ("Obatan")
has made an unsolicited "mini-tender offer" to purchase up to 50,000 common shares of Sun Life or approximately 0.0085%
of the common shares outstanding at a price of US$35 per share.
Sun Life is not associated with Obatan and
does not recommend or endorse acceptance of this unsolicited offer.
Sun Life cautions that Obatan's offer has been
made at a price that is significantly lower than recent market prices for Sun Life shares on Canadian and U.S. stock exchanges.
This offer represents a discount of 19.90% and 19.84% respectively below the closing price of Sun Life's common shares on the TSX
and NYSE on December 18, 2020, the last trading day before the mini-tender offer was commenced and a discount of 20.94% and 20.80%
respectively below the closing prices on the TSX and NYSE on January 4, 2021.
Securities administrators in Canada and the
United States recommend that investors exercise caution with "mini-tender offers". Mini-tender offers are
designed to avoid disclosure and procedural requirements applicable to most bids under Canadian and U.S. securities regulations.
Canadian Securities Administrators and the U.S. Securities and Exchange Commission (SEC) have expressed serious concerns about
mini-tender offers, including the possibility that investors might tender to such offers without understanding the offer price
relative to the actual market price of their securities.
The SEC has indicated that "bidders make
mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the
offer price to the current market price."
According to Obatan's offer documents, Sun
Life shareholders who have already tendered their shares can withdraw their shares at any time before 8:00 P.M. New York City Time
on February 2, 2021 by following the procedures described in the offer documents. Shareholders are cautioned that the terms of
the Obatan offer may be varied, and the cash consideration offered may be decreased. In such a case, shareholders who have already
tendered to the offer may have limited notice of such change and limited time to withdraw their shares from the offer. There
are also no assurances that Obatan will buy the shares delivered under the offer.
Shareholders and policyholders should carefully
review the Obatan offer documents, consult with their Sun Life advisor or investment advisor to discuss any offer they may receive
and review all options they have for their investment in Sun Life shares. If you are in Canada and do not have a Sun Life advisor
and are interested in finding one, please visit https://www.sunlife.ca/en/find-an-advisor/.
Sun Life has stock transfer agents providing
shareholder services in Canada, the United States, the United Kingdom, Hong Kong and the Philippines.
These local agents provide services directly to our registered shareholders and can provide information on share account management,
direct deposit of dividends, dividend reinvestment and share purchase plans. Please email sunlifeinquiries@astfinancial.com for
more information.
Sun Life requests that a copy of this news
release be included in any distribution of materials relating to Obatan's mini-tender offer for Sun Life common shares.
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, 2020,
Sun Life had total assets under management of $1,186 billion. 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
View original content to download multimedia:http://www.prnewswire.com/news-releases/sun-life-cautions-investors-regarding-obatan-llc-bid-for-shares-301201074.html
SOURCE Sun Life Financial Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/January2021/05/c9270.html
%CIK: 0001097362
For further information: Media Relations Contact: Irene Poon,
Manager, Corporate Communications, T. 416-988-0542, irene.poon@sunlife.com; Investor Relations Contact: Leigh Chalmers, Senior
Vice-President, Head of Investor Relations & Capital Management, T. 647-256-8201, investor_relations@sunlife.com
CO: Sun Life Financial Inc.
CNW 09:20e 05-JAN-21
This regulatory filing also includes additional resources:
ex991.pdf
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