Sun Life defers redemption of preferred shares due Sept. 30, 2026, opens conversion option
SLF•Conversion deadline and dividend reset dates
Conversion elections must be submitted by 5:00 p.m. ET on Sept. 16, 2026.
Dividend rates reset Aug. 31, 2026 for Series 10R through Sept. 29, 2031; the Series 11QR rate is set for Sept. 30–Dec. 30, 2026.
Automatic conversion applies if either series would have fewer than 1 million shares outstanding following Sept. 30, 2026.
Redemption deferred for Series 10R and Series 11QR
Sun Life will not redeem its Class A Non-Cumulative Rate Reset Preferred Shares Series 10R or Series 11QR on Sept. 30, 2026.
Holders can convert Series 10R into Series 11QR, or Series 11QR into Series 10R, on a one-for-one basis on Sept. 30.
