Sun Life Financial to redeem in full C$250 million preferreds June 30

By Marisa Wong

Madison, Wis., May 6 - Sun Life Financial Inc. said it plans to redeem all of its C$250 million class A noncumulative five-year rate-reset preferred shares, series 6R, on June 30.

The series 6R preferred shares are redeemable at a price of C$25.00 per share together with all declared dividends to but excluding the redemption date.

Separately from the redemption payment, a final quarterly dividend of C$0.375 per share will be paid in the usual manner on June 30 to shareholders of record as of May 28.

Sun Life is a financial services company based in Toronto.

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