- Sun Life Financial Inc. announces preferred shares conversion results between Series 8R and Series 9QR.
- Post-conversion, 8,880,847 Series 8R shares and 2,319,153 Series 9QR shares will be outstanding.
- Both Series 8R and Series 9QR shares are tradable on TSX under symbols SLF.PR.G and SLF.PR.J, respectively.
Sun Life Financial Inc. (TSX: SLF) announced the outcomes of its preferred share conversion between the Series 8R and Series 9QR shares. On June 30, 2025, a total of 1,400 Series 8R shares will be converted into Series 9QR shares, while 2,664,916 Series 9QR shares will be swapped for Series 8R shares. This will result in Sun Life having 8,880,847 Series 8R shares and 2,319,153 Series 9QR shares in circulation post-conversion.
Trading for these preferred shares continues on the Toronto Stock Exchange (TSX), with the Series 8R shares listed under the symbol SLF.PR.G and the Series 9QR under SLF.PR.J. Sun Life retains the option to redeem these shares, subject to regulatory approval. Series 8R shares may be redeemed at $25.00 each, while Series 9QR shares can be repurchased at $25.00 or $25.50 per share, depending on the redemption date.
Sun Life remains a major player in the financial services industry, offering a wide range of asset management, wealth, insurance, and health solutions to clients globally. As of March 31, 2025, Sun Life's total assets under management stood at $1.55 trillion, underscoring its substantial market presence.
