Sun Life converts all Series 11QR preferred shares into Series 10R after elections fall short

• Sun Life will automatically convert all remaining Series 11QR preferred shares into Series 10R shares on Sept. 30, 2026.
• Automatic conversion triggered because Series 11QR shares would fall below 1 million outstanding following elections.
• Elections covered 1,400 Series 10R shares into Series 11QR shares, versus 621,829 Series 11QR shares into Series 10R shares.
• Post-conversion, Sun Life will have 8,000,000 Series 10R shares outstanding, with no Series 11QR shares remaining.
• Series 10R dividend rate resets to 5.52% from Sept. 30, 2026 through Sept. 30, 2031.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001279569-26-000901), on September 22, 2026, and is solely responsible for the information contained therein.