TORONTO, June 1, 2016 /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE:
SLF) today announced that it has redeemed all of its outstanding $950
million principal amount of Series B Senior Unsecured 4.95%
Fixed/Floating Debentures (the "Debentures").
Under Minimum Continuing Capital and Surplus Requirements ("MCCSR") of
the Superintendent of Financial Institutions, Canada, senior debentures
do not qualify as available capital. As a result, the redemption of the
Debentures will have no impact on the MCCSR ratio of Sun Life Assurance
Company of Canada or Sun Life Financial Inc.
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
products and services to individuals and corporate customers. Sun Life
Financial has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong Kong, the
Philippines, Japan, Indonesia, India, China, Australia, Singapore,
Vietnam, Malaysia and Bermuda. As of March 31, 2016, the Sun Life
Financial group of companies had total assets under management of $861
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.
SOURCE Sun Life Financial Inc.
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