Welcome to our dedicated page for Sun Life Finl news (Ticker: SLF), a resource for investors and traders seeking the latest updates and insights on Sun Life Finl stock.
Sun Life Financial Inc. (SLF) delivers insurance, wealth management, and health solutions across global markets. This news hub provides investors and stakeholders with essential updates about corporate developments, financial performance, and strategic initiatives.
Access timely announcements including quarterly earnings reports, leadership changes, product innovations, and regulatory filings. Our curated collection ensures you stay informed about SLF's position in financial services markets without promotional bias.
Discover updates spanning key business areas: insurance product launches, asset management partnerships, and health benefit expansions. Each release is presented with contextual clarity to support informed analysis of the company's trajectory.
Bookmark this page for streamlined access to Sun Life Financial's official communications. Combine these updates with market analysis tools to track SLF's evolving role in global financial security solutions.
Sun Life has announced a strategic partnership with PlanSource to enhance the benefits experience for HR leaders through automated enrollment solutions. This collaboration supports Sun Life's digital strategy, enabling HR teams to streamline benefits administration. Key innovations include real-time Evidence of Insurability data integration and automated benefit plan setup. The partnership aims to improve employee engagement through simplified benefits navigation, particularly in response to increasing digital demands due to the pandemic. Sun Life's commitment to innovative solutions positions it favorably within the benefits landscape.
Sun Life and the Boston Celtics have adapted the annual #SunLifeDunk4Diabetes fundraising event for National Diabetes Awareness Month due to current circumstances. Fans can vote on social media for their favorite dunks from the 2019-2020 season, with Sun Life donating $21 for each hashtag used. The initiative aims to raise 5,000 hashtags to support the YMCA of Greater Boston's diabetes prevention programs, which have received nearly $500,000 since inception in 2014. The event highlights the importance of diabetes management in light of the COVID-19 pandemic.
Sun Life Financial (TSX: SLF; NYSE: SLF) announced its intention to acquire a 51% stake in Crescent Capital Group LP for up to US$338 million (approximately C$450 million). Crescent, a leading global alternative credit investment manager with US$28 billion in assets, will enhance Sun Life's SLC Management portfolio. The deal aims to combine Crescent's expertise with Sun Life's capital, enabling expansion in alternative credit strategies for institutional clients. The acquisition is expected to close in late 2020, pending regulatory approvals.
Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) will release its third quarter 2020 financial results on November 4, 2020, after market close. A webcast and conference call will follow the next day at 10:00 a.m. ET. Investors can access the webcast at www.sunlife.com/QuarterlyReports. Replay options will be available after the call. As of June 30, 2020, the company reported total assets under management of $1,122 billion.
On October 1, 2020, Sun Life Financial Inc. (TSX: SLF) successfully completed a public offering of $750 million in Series 2020-2 Subordinated Unsecured 2.06% Fixed/Floating Debentures due 2035. The net proceeds from this offering will be allocated for general corporate purposes, such as subsidiary investments and debt repayment. Notably, these debentures are not registered under the U.S. Securities Act and cannot be offered to U.S. persons. As of June 30, 2020, Sun Life reported total assets under management of $1,122 billion.
Sun Life Financial Inc. (TSX: SLF) announced the issuance of $750 million in Series 2020-2 Subordinated Unsecured 2.06% Fixed/Floating Debentures due 2035, with closing expected on October 1, 2020. The net proceeds will support general corporate purposes, including subsidiary investments and debt repayment. The offering will be managed by RBC Capital Markets, CIBC Capital Markets, and Scotiabank. The debentures qualify as Tier 2 capital and are not registered under U.S. securities law, limiting their sale within the U.S.
Sun Life U.S. and MGIS Companies, Inc. have announced a ten-year extension of their partnership, originally established in 2006. This deal allows Sun Life to remain the exclusive provider of group disability and life insurance for MGIS's healthcare professional clients. The partnership will enhance product offerings, including the unique MGIS IncomeProtect® program, tailored for healthcare professionals. This collaboration aims to support a growing base of healthcare professionals by addressing their complex income replacement needs.
Sun Life Financial Inc. (TSX: SLF), on September 25, 2020, announced the successful redemption of all outstanding Series 2015-1 Subordinated Unsecured 2.60% Fixed/Floating Debentures, totaling $500 million. This move reflects the company's strategy in managing its capital structure. Sun Life operates internationally, with significant assets under management amounting to $1,122 billion as of June 30, 2020. The redemption enhances financial flexibility for the firm, indicating a positive step in its overall fiscal management.
Sun Life U.S. has partnered with the NAACP Legal Defense Fund and More Than a Vote for the "We Got Next" campaign, focusing on promoting voter education and recruiting poll workers in Black communities. In support of racial justice, the company is also backing the Smithsonian's "Talking About Race" portal, providing resources for racial equality. A diverse internal task force, Allies Acting for Change, has been created to enhance inclusive hiring and support Black professionals. Sun Life continues to prioritize equality through active community engagement and internal initiatives.
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