Sun Life converts variable-rate preferred shares into fixed-rate issue, leaving none outstanding

• Sun Life set a Sept. 30, 2026 conversion of its Class A Series 10R preferred shares into an equal number of Series 11QR shares.
• Holders elected to convert 1,400 of 6,838,672 Series 10R shares into Series 11QR on the conversion date.
• Investors also elected to convert 621,829 of 1,161,328 Series 11QR shares into Series 10R on Sept. 30, 2026.
• All remaining Series 11QR shares will be automatically converted into Series 10R, leaving no Series 11QR outstanding.
• Series 10R dividend resets to 5.52% annually from Sept. 30, 2026 to Sept. 30, 2031, equal to CAD 0.344938 quarterly.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sun Life Financial Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202609211701CANADANWCANADAPF_C6200) on September 21, 2026, and is solely responsible for the information contained therein.