Sun Life today announced that it does not intend to exercise its right to redeem its currently outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 8R (the "Series 8R Shares") nor its currently outstanding Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR (the "Series 9QR Shares") on June 30, 2020. As a result, subject to certain conditions, the holders of Series 8R Shares have the right to convert all or part of their Series 8R Shares on a one-for-one basis into Series 9QR Shares, and the holders of Series 9QR Shares have the right to convert all or a part of their Series 9QR Shares on a one-for-one basis into Series 8R Shares, in each case on June 30, 2020. Holders of Series 8R Shares who do not exercise their right to convert their Series 8R Shares into Series 9QR Shares on such date will retain their Series 8R Shares, and holders of Series 9QR Shares who do not exercise their right to convert their Series 9QR Shares into Series 8R Shares on such date will retain their Series 9QR Shares.

Canadian insurer Sun Life Financial is looking for acquisition opportunities, its chief executive said on Wednesday, even as the company flagged an uncertain sales outlook amid a raft of unknowns driven by the COVID-19 outbreak. "Anything we look at, we'll evaluate against our different scenarios, including our severe stress scenario," Chief Executive Dean Connor said on an analyst call after the company reported earnings that beat estimates on Tuesday.

SLF earnings call for the period ending March 31, 2020.

Sun Life announces Laura Money as new Chief Information Officer

Sun Life Global Investments announces vote results of Special Meetings of Securityholders

AM Best has assigned a Long-Term Issue Credit Rating of "a-" to the CAD 1.0 billion 2.58% fixed-to-floating rate Series 2020-1 subordinated debentures due May 10, 2032, recently issued by Sun Life Financial Inc. (SLF) (Ontario, Canada) [NYSE: SLF]. The outlook assigned to this Credit Rating (rating) is stable.

Life insurers face a challenging year as rising unemployment from the coronavirus pandemic reduces group benefit and retirement plan enrollment, and market declines and credit deterioration weigh on asset-management earnings, Sun Life Financial Inc's CEO said on Tuesday. "COVID-19 is an enormous health and economic and humanitarian shock," Chief Executive Dean Connor said in an interview after Canada's second-biggest life insurer reported first-quarter underlying profit that beat analyst estimates and rose from a year ago. "That's got to put some pressure on assets and eventual revenues and profits," he said of the impact from the illness caused by the novel coronavirus.

Canadian insurer Sun Life Financial is looking for acquisition opportunities, its chief executive said on Wednesday, even as the company flagged an uncertain sales outlook amid a raft of unknowns driven by the COVID-19 outbreak. Shares in Canada's second-biggest life insurer were up 6.7% at C$47.82 at midday after it reported a first-quarter profit Tuesday that beat analyst expectations. Bigger rival Manulife Financial Corp was to report its results later on Wednesday.

In 2011, Dean Connor was appointed CEO of Sun Life Financial Inc. (TSE:SLF). This analysis aims first to contrast CEO...

Sun Life and Teladoc Health bring Mental Health Navigator to Canadian Clients

Sun Life completes offering of Subordinated Unsecured Debentures

TORONTO , May 6, 2020 /CNW/ - Sun Life Financial Inc. (SLF) (SLF) (the "Company") announced today that it intends to issue in Canada $1 billion principal amount of Series 2020-1 Subordinated Unsecured 2.58% Fixed/Floating Debentures due 2032 (the "Debentures"). The net proceeds will be used for general corporate purposes of the Company, which may include investments in subsidiaries and repayment of indebtedness. Details of the offering will be set out in a pricing supplement that the Company intends to issue pursuant to its short form base shelf prospectus and its prospectus supplement, each dated March 28, 2019 , all of which are or will be available on the SEDAR website for Sun Life Financial Inc. at www.sedar.com. The Debentures will be sold on a best efforts agency basis by a syndicate led by RBC Capital Markets, BMO Capital Markets and TD Securities, as co-leads.

Sun Life (SLF) Q1 results reflect higher investing activity in Canada and the United States, business growth, higher new business gains and improved credit experience.

SLC Management, the $168 billion institutional asset management business of Sun Life Financial, today announced the successful closing of their Term Asset-Backed Securities Loan Facility (TALF) 2020 strategy for institutional investors. SLC Management previously managed a successful TALF strategy in 2009 under the same portfolio management team, which resulted in an annual IRR of 21.5%.*

Sun Life President and Chief Executive Officer, Dean Connor, participates in virtual fireside chat with TD Securities

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

When the U.S. subprime mortgage market imploded more than a decade ago, credit investors sifting through the rubble found treasures. SLC Management just raised $500 million for a similar effort.

Sun Life Global Investments makes change to Sun Life MFS International Growth Fund and Sun Life MFS International Growth Class

TORONTO , May 11, 2020 /CNW/ - Millions of Canadians haven't left their homes in weeks. In a recent survey of Canadians conducted by Sun Life, 56% said COVID-19 is having a negative impact on their mental health, with social isolation the top contributing factor. Interestingly, the Sun Life survey reveals COVID-19 is having a greater negative impact on the mental health of women (62%) compared to men (49%).

Sun Life announces election of directors