TORONTO, March 14, 2019 /CNW/ - Sun Life Financial Inc.
(TSX: SLF) (NYSE: SLF) today announced its intention to redeem all
of the outstanding $250 million
principal amount of Series 2014-1 Subordinated Unsecured 2.77%
Fixed/Floating Debentures (the "Debentures") in accordance with the
redemption terms attached to the Debentures. The redemption will be
funded from existing cash and liquid assets.
The Debentures are redeemable at Sun Life Financial Inc.'s
option on or after May 13, 2019 at a
redemption price per Debenture equal to the principal amount
together with accrued and unpaid interest to the date of
redemption. Sun Life Financial Inc. intends to redeem the
Debentures on May 13, 2019 (the
"Redemption Date"). Notice will be delivered to the holders of the
Debentures in accordance with the terms outlined in the trust
indenture governing the Debentures.
After the Debentures are redeemed, interest will cease to accrue
from and after the Redemption Date and holders of Debentures will
not be entitled to exercise any rights as holders other than to
receive the redemption price.
About Sun Life Financial
Sun Life Financial is a
leading international financial services organization providing
insurance, wealth and asset management solutions to individual and
corporate Clients. Sun Life Financial 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 December
31, 2018, Sun Life Financial had total assets under
management of $951 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.
Media Relations
Contact:
|
Investor Relations
Contact:
|
Rajani
Kamath
|
Greg
Dilworth
|
Associate
Vice-President
|
Vice-President
|
Corporate
Communications
|
Investor
Relations
|
T.
416-979-6070
|
T.
416-979-6230
|
rajani.kamath@sunlife.com
|
investor.relations@sunlife.com
|
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SOURCE Sun Life Financial Inc.