TORONTO, Nov. 15, 2019 /PRNewswire/ - Sun Life
Capital Trust II, a subsidiary of Sun Life Financial Inc. (TSX:
SLF) (NYSE: SLF), today announced its intention to redeem at par on
December 31, 2019, all of its
outstanding $500 million principal
amount of Sun Life ExchangEable Capital Securities – Series 2009-1
(the "SLEECS – Series 2009-1"). The SLEECS – Series 2009-1 are
redeemable at the Trust's option on December
31, 2019, at a redemption price per SLEECS – Series 2009-1
equal to $1,000 plus accrued and
unpaid interest to but excluding that date. Notice will be
delivered to holders of SLEECS – Series 2009-1 in accordance with
the terms outlined in the prospectus for the SLEECS – Series
2009-1. After the SLEECS – Series 2009-1 are redeemed, all interest
on the SLEECS – Series 2009-1 will cease to accrue and holders of
SLEECS – Series 2009-1 will not be entitled to exercise any rights
as holders other than to receive the redemption price.
About Sun Life
Sun Life is a leading international
financial services organization providing insurance, wealth and
asset management solutions to individual and corporate Clients. Sun
Life has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.
As of September 30, 2019, Sun Life
had total assets under management of $1,063
billion. For more information please visit
www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Note to editors:
All figures in Canadian dollars
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Media Relations
Contact:
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Investor Relations
Contact:
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Noah
Zatzman
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Leigh
Chalmers
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Manager, Media &
PR
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Senior
Vice-President, Head of Investor
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Corporate
Communications
T.
416-526-4208
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Relations &
Capital Management
T.
647-256-8201
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Noah.Zatzman@sunlife.com
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investor.relations@sunlife.com
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SOURCE Sun Life Financial Inc.