Sun Life to redeem C$725 million series 1 and 2 preferreds

By Wendy Van Sickle

Columbus, Ohio, Aug. 11 – Sun Life Financial Inc. intends to redeem all outstanding C$400 million principal amount of class A non-cumulative preferred shares, series 1, and all C$325 million of class A non-cumulative preferred shares, series 2, according to a news release.

The redemption date is Sept. 29.

The redemption price will be par of C$25.00 plus accrued dividends.

Sun Life is a financial services organization based in Toronto.

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