Sun Life Reports Results of 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 Viewpoint - Sun Life Financial Inc. announced the conversion of its preferred shares, with significant changes in the number of Series 8R and Series 9QR shares outstanding, effective June 30, 2025 [1] Group 1: Share Conversion Details - 1,400 of the 6,217,331 Series 8R Shares will convert to Series 9QR Shares on a one-for-one basis [1] - 2,664,916 of the 4,982,669 Series 9QR Shares will convert to Series 8R Shares on a one-for-one basis [1] - Post-conversion, there will be 8,880,847 Series 8R Shares and 2,319,153 Series 9QR Shares outstanding [1] Group 2: Redemption Options - Sun Life may redeem Series 8R Shares at $25.00 per share, plus any declared and unpaid dividends, starting June 30, 2030, and every five years thereafter, subject to regulatory approval [2] - For Series 9QR Shares, the redemption price is $25.00 for scheduled dates or $25.50 for other dates, along with any declared and unpaid dividends, also subject to regulatory approval [2] Group 3: Company Overview - Sun Life is a prominent international financial services organization, offering asset management, wealth, insurance, and health solutions [4] - The company operates in multiple global markets, including Canada, the U.S., and several countries in Asia and Europe [4] - As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion [4]