Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR

Core Points - Sun Life Financial Inc. will not redeem its Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Series 9QR on June 30, 2025, allowing for potential conversions between the two series of shares [1][2] - Holders of Series 8R Shares can convert to Series 9QR Shares and vice versa on June 30, 2025, with specific conditions regarding the number of shares outstanding [1][2] - The dividend rates for Series 8R and Series 9QR Shares will be determined on May 30, 2025, and announced in a news release [3] - Beneficial owners wishing to convert their shares must communicate with their brokers by June 16, 2025, at 5:00 p.m. (ET) [4] - Sun Life may redeem Series 8R and Series 9QR Shares at a price of $25.00 or $25.50, respectively, subject to regulatory approval [5] - The Series 8R and Series 9QR Shares are not registered under the U.S. Securities Act and cannot be offered or sold in the U.S. [6] - Sun Life is a leading international financial services organization with total assets under management of $1.55 trillion as of March 31, 2025 [7][8]