TORONTO, Nov. 10, 2011 /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE:
SLF) today announced the successful completion of a Canadian public
offering of $300 million of Class A Non-Cumulative Rate Reset Preferred Shares Series 12R
(the "Series 12R Shares") at a price of $25.00 per share and yielding
4.25 per cent annually. The offering, initially for $250 million of
Series 12R Shares, was increased to $300 million following exercise by
the underwriting syndicate, co-led by Scotia Capital Inc., CIBC and TD
Securities Inc., of an option to purchase an additional $50 million of
Series 12R Shares.
The Series 12R Shares were issued under a prospectus supplement dated
November 3, 2011, which was issued pursuant to a short form base shelf
prospectus dated April 12, 2011. Copies of those documents are
available on the SEDAR website for Sun Life Financial Inc. at www.sedar.com. The Series 12R Shares are listed on the Toronto Stock Exchange under
the ticker symbol SLF.PR.I.
The Series 12R Shares have not been, and will not be, registered under
the United States Securities Act of 1933, as amended, and, subject to
certain exceptions, may not be offered, sold or delivered, directly or
indirectly, in the United States of America or for the account or
benefit of U.S. persons. This release does not constitute an offer to
sell or a solicitation to buy such securities in the United States.
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
accumulation products and services to individuals and corporate
customers. Chartered in 1865, Sun Life Financial and its partners today
have operations in key markets worldwide, including Canada, the United
States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan,
Indonesia, India, China and Bermuda. As of September 30, 2011, the Sun
Life Financial group of companies had total assets under management of
$459 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.
SOURCE Sun Life Financial Inc.
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