Sun Life Announces Dividend Rates for Preferred Shares Series 10R and 11QR
Sun Life Financial Inc. has announced the dividend rates applicable to its Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR, effective from September 30, 2026. For the five-year period starting on that date, holders of Series 10R will receive a fixed dividend rate of 5.519% per annum or $0.344938 per share quarterly. This is based on the Government of Canada Yield plus an additional margin of 2.17%. For Series 11QR shares, dividends for the initial quarter ending December 31, 2026 will be set at a floating rate of 4.459% annually or $0.280978 per share quarterly, calculated using the T-Bill Rate plus an additional margin. Beneficial owners are reminded that they must contact their brokers by September 16, 2026 to exercise any conversion rights before a deadline of 5:00 p.m. (ET). The shares have not been registered under U.S. securities laws and may not be offered or sold in the United States for the benefit of U.S. persons.
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