Sun Life Announces Conversion of Preferred Shares Series 10R and 11QR
Sun Life Financial Inc. has announced the results of the conversion privilege for its Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR, effective September 30, 2026. Approximately 1,400 Series 10R shares were converted into Series 11QR shares on a one-for-one basis, while over half of the available Series 11QR shares (621,829) were converted back to Series 10R shares. Due to the low number of remaining Series 11QR Shares after conversions, Sun Life will automatically convert all outstanding Series 11QR Shares into Series 10R Shares on September 30. As a result, there will be no Series 11QR Shares left issued and outstanding at that time. The conversion aligns with the dividend structure changes announced earlier by Sun Life for its preferred shares starting in late 2026.
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