SUN LIFE FINANCIAL INC (SLF) SEC Filings

Sun Life Financial Inc. (SLF) is entering a definitive strategic partnership with Wilton Re to create Windsor Life Re, a U.S. and Bermuda–domiciled affiliated reinsurer focused on in-force life and annuity business. Windsor Life Re will initially reinsure an in-force block of approximately US$1.7 billion from Wilton Re, with future business ceded on a quota share basis.

The partnership is expected to deploy about US$900 million of capital, with Sun Life and Wilton Re each contributing roughly one-third of the total equity capitalization. SLC Management, Sun Life’s institutional alternatives asset manager, will act as lead asset manager for Windsor Life Re and manage up to US$10 billion of assets at scale. Windsor Life Re is anticipated to grow to roughly US$10 billion in assets, subject to regulatory approvals and customary closing conditions, with launch targeted for the first half of 2027.

As context, Sun Life reported total assets under management of C$1.70 trillion (US$1.20 trillion) and SLC Management reported US$316 billion in assets under management as of June 30, 2026.

Sun Life Financial Inc. reports that it will not redeem its Class A Non-Cumulative Rate Reset Preferred Shares Series 10R or its Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR on September 30, 2026. Holders of each series may, subject to conditions, convert on a one-for-one basis into the other series on that date, or retain their existing shares.

If, after conversions, either series would have fewer than one million shares outstanding, all remaining shares of that series will be automatically converted into the other series on September 30, 2026, with notice to registered holders by September 21, 2026. The new dividend rates for Series 10R (five-year period) and Series 11QR (initial three-month period) starting September 30, 2026 will be set and announced on August 31, 2026. Beneficial owners must instruct their intermediaries by 5:00 p.m. (ET) on September 16, 2026 to exercise conversion rights.

Subject to regulatory approval, Sun Life may redeem Series 10R for $25.00 per share plus declared and unpaid dividends on September 30, 2031 and every fifth September 30 thereafter. Series 11QR may be redeemed for $25.00 on those same scheduled dates or $25.50 on other dates, in each case plus declared and unpaid dividends. As of June 30, 2026, Sun Life reported $1.70 trillion of assets under management.

Sun Life Financial Inc., as an institutional investment manager, filed a quarterly Form 13F combination report. The filing covers holdings managed directly by Sun Life and by other managers, with 47 reportable positions in the information table and an aggregate reported value of $1,952,194 (round to nearest dollar). The report lists 3 other included managers, including Sun Life Capital Management (U.S.) LLC, Sun Life Assurance Co. of Canada, and Crescent Capital Group LP, and identifies Massachusetts Financial Services Co. as another reporting manager.

Sun Life Financial Inc. appointed Katherine Lee to its Board of Directors effective July 31, 2026. She is a veteran executive with extensive experience in financial services, investments and real estate, including senior leadership roles at GE Capital in Canada, the U.S. and Asia.

Lee has over 20 years of public and private board service at major organizations in regulated industries and global financial services. As of March 31, 2026, Sun Life reported total assets under management of $1.58 trillion, reflecting its scale as an international provider of asset management, wealth, insurance and health solutions across multiple global markets.

Sun Life Financial filed a Prospectus Supplement to a short form base shelf prospectus registering the periodic resale of up to 3,277,951 Common Shares by selling shareholders under a Registration Rights Agreement dated July 2, 2026. The resale registration covers secondary offerings by the selling shareholders; the Company will not receive proceeds from sales.

The supplement notes the completion of the US$350 million acquisition of Bell Partners (approximately 80% paid in Common Shares) and a C$750,000,000 debenture issuance. Shares outstanding were 557,353,418 as of July 3, 2026. Offerings may occur on exchanges or privately and may use multiple sale methods.

Sun Life Financial Inc. has informed shareholders that Ocehan LLC has launched an unsolicited mini-tender offer to purchase up to 100,000 Sun Life common shares. Sun Life is not associated with Ocehan and does not recommend or endorse acceptance of this offer, noting that shareholders are not required to sell.

Sun Life explains that the Ocehan mini-tender is priced significantly below recent market levels, at discounts of 24.95% to the TSX closing price on May 25, 2026 and 24.38% to the NYSE closing price on May 22, 2026. The company highlights Canadian and U.S. regulators’ cautions about mini-tender offers and notes that, according to Ocehan’s documents, shareholders who have already tendered can withdraw their shares within 21 days.

Sun Life also provides contact details for its stock transfer agents and advisors, and reiterates its global financial services footprint. As of March 31, 2026, it reports total assets under management of $1.58 trillion, underscoring the scale of its operations.

Sun Life Financial Inc. has completed its acquisition of Bell Partners, a leading U.S. multifamily real estate investment manager and property manager. Sun Life acquired a 100% interest for US$350 million, with about 80% of the price paid in Sun Life common shares.

Bell Partners will operate as a distinct, vertically integrated business under BGO, overseeing Sun Life’s U.S. multifamily real estate assets while retaining its leadership, branding, offices and client focus. The deal expands Sun Life’s asset management capabilities in the U.S. multifamily sector, one of the largest segments of the U.S. real estate market.

As of March 31, 2026, Sun Life reported total assets under management of $1.58 trillion. Its institutional asset management arm, SLC Management, had US$308 billion in assets under management, while BGO, together with Bell Partners, had approximately US$100 billion in real estate assets under management.

Sun Life Financial Inc. is resetting the interest rate on its $1 billion principal amount of 3.60% Limited Recourse Capital Notes Series 2021-1 for the five-year period starting June 30, 2026. The new rate will be 5.614% per annum to, but excluding, June 30, 2031, calculated as the Government of Canada Yield on June 29, 2026 plus 2.604%.

Interest will continue to be paid semi-annually on June 30 and December 31, beginning December 31, 2026. The Notes, which are subordinated indebtedness, are scheduled to mature on June 30, 2081. They are backed by 1,000,000 Class A Non-Cumulative Rate Reset Preferred Shares Series 14 held in a Limited Recourse Trust, meaning holders’ recourse in a default is limited to these assets.

Sun Life Financial Inc. received regulatory approval from OSFI and the TSX to renew its normal course issuer bid, allowing it to repurchase up to 10,000,000 common shares, representing about 1.8% of the 554,255,267 shares outstanding as of May 15, 2026.

The renewed bid runs from May 29, 2026 to May 28, 2027, with purchases permitted on the TSX, other Canadian exchanges, the NYSE and alternative trading platforms at market prices. Bought shares will be cancelled or used for equity-settled incentive plans.

Under the prior issuer bid, Sun Life repurchased 10,570,915 common shares at a weighted average price of $83.33. As of March 31, 2026, the company reported $1.58 trillion of assets under management, highlighting its large global financial services footprint.