TORONTO, June 15, 2012 /CNW/ - As announced on May 10, 2012, Sun Life
Assurance Company of Canada (the "Company"), a subsidiary of Sun Life
Financial Inc. (TSX: SLF) (NYSE: SLF), intends to redeem all of the
outstanding $800 million principal amount of 6.15% Subordinated
Debentures due June 30, 2022 (the "Debentures") in accordance with the
redemption terms attached to the Debentures.
All of the issued and outstanding Debentures will be redeemed on June
30, 2012 (the "Redemption Date") at a redemption price equal to the
principal amount of the Debentures together with accrued and unpaid
interest to the Redemption Date. Interest on the Debentures shall cease
to accrue from and after the Redemption Date. Because June 30, 2012 is
a Saturday, payment of the redemption price will be made by the Company
on June 29, 2012, rather than July 3, 2012, as previously indicated,
upon surrender of the Debentures.
Notice will be delivered to the holders of the Debentures in accordance
with the terms outlined in the trust indenture governing the
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 March 31, 2012, the Sun Life
Financial group of companies had total assets under management of $494
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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