Sun Life Financial Inc. Completes Issue Of Innovative Tier 1 Securities
November 20, 2009 |
| Sun Life Financial Inc.announced the completion of the Canadian issue of $500 million principal amount of Sun Life ExchangEable Capital Securities Series 2009-1 due December 31, 2108 (SLEECS Series 2009-1) by Sun Life Capital Trust II, a trust established by Sun Life Assurance Company of Canada (SLA). The SLEECS Series 2009-1 were issued under a short form prospectus dated November 17, 2009. The issue was underwritten by a syndicate co led by Scotia Capital Inc. and RBC Dominion Securities Inc. The interest rate on the SLEECS Series 2009-1 from the date of issue to but excluding December 31, 2019 is 5.863% per annum. On that date and thereafter on each fifth anniversary of that date, the interest rate on the SLEECS Series 2009-1 for the ensuing five years will be reset at a rate equal to 3.40% above the then-yield on a Government of Canada bond having a term to maturity of five years. |
Sun Life Financial Inc. Eyes CAD500 Million 10 Year, Tier 1 Debt Issue-DJ
November 17, 2009 |
| Dow Jones reported that Sun Life Financial Inc. is looking to raise CAD500 million from the issue of 10 year Tier I debt callable December 2019. The so-called Tier 1 debt intruments have been issued by banks and life insurers because they are structured to count as regulatory capital. Pricing for the offering hasn't been determined, but the targeted spread is about 245 basis points above the relevant Bank of Canada benchmark. |
Sun Life Financial Inc. And National Bank of Canada; Strategic Partners To Give Clients More Financial Options
November 12, 2009 |
| Sun Life Financial Inc. and National Bank of Canada announced they are forming a strategic partnership that will give Sun Life Financial advisors access to a wide range of National Bank lending products for clients, including National Bank's All-In-One account. Working with over 3,000 Sun Life Financial advisors, clients will now be able to choose from a wide spectrum of National Bank brand products, including; an RRSP loan program, starting in November 2009; the All-In-One account and conventional mortgages, on an advisor referral basis, beginning in March 2010,; investment loans in the spring of 2010. |
Sun Life Financial Inc. Declares Dividend
November 12, 2009 |
| Sun Life Financial Inc. announced that it has declared dividend of $0.36 per common share, payable December 31, 2009 to shareholders of record at the close of business on November 25, 2009. |
Sun Life Financial Inc. Declares Quarterly Dividend On Common And Preferred Shares
November 5, 2009 |
| Sun Life Financial Inc. announced that the Board of Directors of the Company announced a quarterly shareholder dividend of $0.36 per common share, payable December 31, 2009, to shareholders of record at the close of business on November 25, 2009. This is the same amount as paid in the previous quarter. The Board of Directors of the Company also announced the following quarterly dividends on its Class A Non-Cumulative Preferred Shares payable on December 31, 2009 to shareholders of record at the close of business on November 25, 2009: $0.296875 per Series 1 share; $0.30 per Series 2 share; $0.278125 per Series 3 share; $0.278125 per Series 4 share; and $0.28125 per Series 5 share and $0.375 per Series 6R share. Dividends payable on December 31, 2009 to participants in the Canadian Dividend Reinvestment and Share Purchase Plan (Plan) will be used to purchase common shares issued from treasury at a 2% discount to the volume weighted average market price determined in accordance with the Plan. |
Sun Life Financial Inc. Issues FY 2010 Normalized Earnings Guidance
November 5, 2009 |
| Sun Life Financial Inc. announced that it estimates normalized earnings for fiscal 2010 to be in the range of $1.4 billion to $1.7 billion. According to Reuters Estimates, analysts are expecting the Company to report net profit of $1.6 billion for the same period. |
Sun Life Financial Inc. To Continue As Group Benefits Provider To Canadian Public Service Employees And Pensioners
October 7, 2009 |
| Sun Life Financial Inc. announced that it will continue to administer the Federal Government's Public Service Health Care Plan (PSHCP) after being selected as the first ranked bidder under a competitive government tendering process. The multi-year, multi-million dollar contract went into effect on September 24, 2009, and provides for plan administrative services. |
Sun Life Financial Inc. (USA) Appoints Colm Freyne As Chief Financial Officer
September 24, 2009 |
| Sun Life Financial Inc. (USA) announced the appointment of Colm Freyne as Executive Vice-President and Chief Financial Officer (CFO). He has been Sun Life's Acting Chief Financial Officer since July 1, 2009. |
Sun Life Financial Inc. (USA) And Humana, Inc. Join Together To Offer A Greater Choice Of Dental Plans
September 1, 2009 |
| The Employee Benefits Group division of Sun Life Financial Inc. (USA) announced that it has entered into an agreement with Humana, Inc. to offer a greater choice of dental plans to employer groups in select markets. The marketing agreement allows employers to purchase Humana`s dental HMO (DHMO) as the low-cost option on a Dual Select Dental Plan, with a Sun Life plan as the high-cost option. Plans will be available through Sun Life in Texas, Florida and Illinois. DHMO dental plans are offered by HumanaDental Insurance Company, and underwritten by CompBenefits Dental Inc., DentiCare Inc. and CompBenefits Company, all of which are Humana subsidiaries. With the DHMO, a member may see a primary care dentist, within the network, as often as necessary. There are no yearly maximums, no deductibles to meet and no waiting periods. Plan administration will be seamless to employers, with both plans easily administered through Sun Life`s Plan Administrator Web portal. Employees have access to either Sun Life`s or Humana`s plan member sites, for user-friendly provider searches and online explanation of benefits. |
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