For the Series 10R shares, the dividend rate is set at 5.519% per annum, or $0.344938 per share quarterly, for the period running through September 30, 2031. This figure is derived from the current Government of Canada Yield plus a 2.17% spread. Meanwhile, the Series 11QR shares will carry a floating rate of 4.459% per annum, or $0.280978 per share, for the initial period ending December 31, 2026, based on the prevailing T-Bill rate plus the same 2.17% margin.
Sun Life Sets Dividend Rates for Series 10R and 11QR Preferred Shares
Sun Life Financial Inc. has finalized dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and its Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR, effective September 30, 2026, as the company prepares for the upcoming five-year reset period.
Investors holding these securities who intend to exercise their conversion rights must coordinate with their brokers or nominees before the deadline of 5:00 p.m. ET on September 16, 2026. Sun Life maintains that these shares are not registered under the United States Securities Act of 1933 and are restricted from being offered or sold within the United States. All dividend payments remain subject to board declaration and the provisions of the Insurance Companies Act of Canada.
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