SUN LIFE FINANCIAL INC
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Feb 8, 2024
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Contents
EX-99.1 · Dividends declared
Dividends declared
| Amount per share | 2023 | 2022 | 2021 |
|---|---|---|---|
| Common shares | 3.00 | 2.76 | 2.31 |
| Class A preferred shares | |||
| Series 1(1) | — | — | 0.890625 |
| Series 2(1) | — | — | 0.900000 |
| Series 3 | 1.112500 | 1.112500 | 1.112500 |
| Series 4 | 1.112500 | 1.112500 | 1.112500 |
| Series 5 | 1.125000 | 1.125000 | 1.125000 |
| Series 8R(2)(3) | 0.456250 | 0.456250 | 0.456250 |
| Series 9QR(4) | 1.504240 | 0.701122 | 0.382421 |
| Series 10R(2)(5) | 0.741750 | 0.741750 | 0.718313 |
| Series 11QR(6) | 1.694240 | 0.891122 | 0.572421 |
| Series 12R(1) | — | — | 0.951500 |
(1)Series 1 and 2 Shares were redeemed on September 30, 2021. Series 12R Shares were redeemed on December 31, 2021.
(2)On the earliest redemption date and every five years thereafter, the dividend rate will reset to an annual rate equal to the 5-year Government of Canada bond yield plus a yield specified for each series. The specified yield for Class A shares is: Series 8R - 1.41% and Series 10R - 2.17%. On the earliest redemption date and every five years thereafter, holders will have the right, at their option, to convert their shares into the series that is one number higher than their existing series.
(3)The dividend rate was reset on June 30, 2020 to a fixed annual dividend rate of 1.825% until the earliest redemption date June 30, 2025.
(4)Holders of the Series 9QR Shares are entitled to receive quarterly floating rate non-cumulative dividends at an annual rate equal to the then 3-month Government of Canada treasury bill yield plus 1.41%. Holders of the Series 9QR Shares will have the right, at their option, to convert their Series 9QR Shares into Series 8R Shares on June 30, 2025 and on June 30 every five years thereafter.
(5)The dividend rate was reset on September 30, 2021 to a fixed annual dividend rate of 2.967% until the earliest redemption date September 30, 2026.
(6)Holders of the Series 11QR Shares are entitled to receive quarterly floating rate non-cumulative dividends at an annual rate equal to the then 3-month Government of Canada treasury bill yield plus 2.17%. Holders of the Series 11QR Shares will have the right, at their option, to convert their Series 11QR Shares into Series 10R Shares on September 30, 2026 and on September 30 every five years thereafter.
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