Sun Life to redeem C$300 million series 12R preferred shares

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – Sun Life Financial Inc. intends to redeem all outstanding C$300 million principal amount of class A non-cumulative rate reset preferred shares on Dec. 31, according to a news release.

The redemption price will be par of C$25.00. The final quarterly dividend of C$0.237875 per share will be paid in the usual manner on Dec. 31.

Sun Life is a financial services organization based in Toronto.

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