Sun Life sets new dividend rates on Series 10R, 11QR

Q: What new dividend rate did SLF set for its Series 10R preferred shares?

Sun Life set the Series 10R dividend at 5.519% per annum, or $0.344938 per share per quarter, for the five-year period from September 30, 2026 to but excluding September 30, 2031, subject to declaration and the Insurance Companies Act (Canada).

Q: How large are Sun Life Financial’s assets under management (SLF)?

As of June 30, 2026, Sun Life reported total assets under management of $1.70 trillion, with all figures stated in Canadian dollars, reflecting the scale of its global asset management, wealth, insurance and health businesses.

Q: Are SLF’s Series 10R and 11QR preferred shares registered in the United States?

The Series 10R and Series 11QR preferred shares have not been and will not be registered under the U.S. Securities Act of 1933 and, subject to certain exceptions, may not be offered, sold or delivered in the United States or for the benefit of U.S. persons.

Sun Life Financial Inc. (SLF) announced reset and floating dividend rates for its Class A preferred shares Series 10R and Series 11QR effective September 30, 2026.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

6-K

Rhea-AI Filing Summary

Sun Life Financial Inc. (SLF) announced reset and floating dividend rates for its Class A preferred shares Series 10R and Series 11QR effective September 30, 2026. Series 10R will pay a fixed 5.519% per annum, or $0.344938 per share quarterly, to but excluding September 30, 2031, subject to declaration and the Insurance Companies Act (Canada). Series 11QR will pay a floating rate equal to the T-Bill Rate plus 2.17%; for the period from September 30, 2026 to December 31, 2026 this equals 4.459% per annum or $0.280978 per share. Holders may exercise conversion rights by 5:00 p.m. (ET) on September 16, 2026 through their broker or nominee. Sun Life reported $1.70 trillion of assets under management as of June 30, 2026.

Key Figures

Series 10R dividend rate: 5.519% per annum Series 10R quarterly dividend: $0.344938 per share per quarter Dividend spread over benchmark: 2.17% +4 more

7 metrics

Series 10R dividend rate 5.519% per annum For the period from September 30, 2026 to but excluding September 30, 2031

Series 10R quarterly dividend $0.344938 per share per quarter Non-cumulative preferential cash dividend, subject to declaration

Dividend spread over benchmark 2.17% Added to Government of Canada Yield for Series 10R and T-Bill Rate for Series 11QR

Series 11QR initial period rate 4.459% per annum From September 30, 2026 to but excluding December 31, 2026

Series 11QR initial period dividend $0.280978 per share Non-cumulative preferential cash dividend for the same initial floating period

Conversion deadline time 5:00 p.m. (ET) on September 16, 2026 Deadline for holders to exercise right of conversion between Series 10R and 11QR

Assets under management $1.70 trillion Total assets under management as of June 30, 2026, in Canadian dollars

Key Terms

Non-Cumulative Rate Reset Preferred Shares, Floating Rate Preferred Shares, Government of Canada Yield, T-Bill Rate, +2 more

6 terms

Non-Cumulative Rate Reset Preferred Shares financial

"Class A Non-Cumulative Rate Reset Preferred Shares Series 10R"

Floating Rate Preferred Shares financial

"Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR"

Government of Canada Yield financial

"being equal to the sum of the Government of Canada Yield"

The Government of Canada yield is the annual return investors receive from lending money to the Canadian federal government through its bonds and treasury notes; it’s shown as a percentage and moves as buyers and sellers trade those securities. Investors use it like a baseline interest rate—similar to a bank’s advertised savings rate—for valuing other investments, setting borrowing costs and gauging overall economic confidence, because government bonds are seen as very low-risk.

T-Bill Rate financial

"based on a dividend rate equal to the sum of the T-Bill Rate"

Insurance Companies Act (Canada) regulatory

"subject to the Insurance Companies Act (Canada)"

assets under management financial

"had total assets under management of $1.70 trillion"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

FAQ

What new dividend rate did SLF set for its Series 10R preferred shares?

Sun Life set the Series 10R dividend at 5.519% per annum, or $0.344938 per share per quarter, for the five-year period from September 30, 2026 to but excluding September 30, 2031, subject to declaration and the Insurance Companies Act (Canada).

What dividend rate will SLF Series 11QR preferred shares receive after September 30, 2026?

Series 11QR will receive a floating non-cumulative dividend equal to the T-Bill Rate plus 2.17%. For the period from September 30, 2026 to December 31, 2026, this equals 4.459% per annum or $0.280978 per share, as determined under the share terms.

When is the conversion deadline for SLF Series 10R and 11QR preferred shares?

Beneficial owners of Sun Life’s Series 10R and Series 11QR preferred shares must exercise their conversion right by 5:00 p.m. (ET) on Wednesday, September 16, 2026, by communicating and following instructions from their broker or other nominee.

How large are Sun Life Financial’s assets under management (SLF)?

As of June 30, 2026, Sun Life reported total assets under management of $1.70 trillion, with all figures stated in Canadian dollars, reflecting the scale of its global asset management, wealth, insurance and health businesses.

Are SLF’s Series 10R and 11QR preferred shares registered in the United States?

The Series 10R and Series 11QR preferred shares have not been and will not be registered under the U.S. Securities Act of 1933 and, subject to certain exceptions, may not be offered, sold or delivered in the United States or for the benefit of U.S. persons.

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Available on EDGAR 09/01/2026 - 06:04 AM Accepted by SEC EDGAR 08/31/2026 - 06:00 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934

For the month of August 2026

Commission File Number: 001-15014

SUN LIFE FINANCIAL INC.

(Translation of registrant's name into English)

1 York Street, 31st Floor, Toronto, Ontario, M5J 0B6

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐

Form 40-F ☒


Exhibits		Description

99.1		News Release dated August 31, 2026

SIGNATURE

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	*Sun Life Financial Inc.* (Registrant)



Date: August 31, 2026	By:	/s/ “Kevin Armitage”
		Kevin Armitage
		AVP & Managing Counsel, Corporate Legal

Exhibit 99.1

Sun Life Announces Dividend Rates on Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR

TORONTO, Aug. 31, 2026 /CNW/ -- Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced the applicable dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 10R (the "Series 10R Shares") and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR (the "Series 11QR Shares").

With respect to any Series 10R Shares that remain outstanding after September 30, 2026, commencing as of such date, holders thereof will be entitled to receive non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Sun Life and subject to the Insurance Companies Act (Canada). The dividend rate for the five-year period commencing on September 30, 2026 to but excluding September 30, 2031 will be 5.519% per annum or $0.344938 per share per quarter, being equal to the sum of the Government of Canada Yield, as defined in the terms of the Series 10R Shares, on Monday, August 31, 2026 plus 2.17%, as determined in accordance with the terms of the Series 10R Shares.

With respect to any Series 11QR Shares that remain outstanding after September 30, 2026, holders thereof will be entitled to receive floating rate non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Sun Life and subject to the Insurance Companies Act (Canada), based on a dividend rate equal to the sum of the T-Bill Rate, as defined in the terms of the Series 11QR Shares, plus 2.17% (calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365 days), subject to certain adjustments in accordance with the terms of the Series 11QR Shares. The dividend rate for the period commencing on September 30, 2026 to but excluding December 31, 2026 will be equal to 4.459% per annum or $0.280978 per share, as determined in accordance with the terms of the Series 11QR Shares.

Beneficial owners of Series 10R Shares and Series 11QR Shares who wish to exercise their right of conversion should communicate as soon as possible with their broker or other nominee and ensure that they follow their instructions in order to meet the deadline to exercise such right, which is 5:00 p.m. (ET) on Wednesday, September 16, 2026.

The Series 10R Shares and the Series 11QR Shares have not been and will not be registered under the United States Securities Act of 1933, as amended, and subject to certain exceptions, may not be offered, sold or delivered, directly or indirectly, in the United States of America for the account or benefit of U.S. persons. This release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

About Sun Life

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2026, Sun Life had total assets under management of $1.70 trillion. For more information, please visit sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to editors: All figures in Canadian dollars

To contact Sun Life media relations, please email Media.Relations@sunlife.com

To contact Sun Life investor relations, please email Investor_Relations@sunlife.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sun-life-announces-dividend-rates-on-class-a-non-cumulative-rate-reset-preferred-shares-series-10r-and-class-a-non-cumulative-floating-rate-preferred-shares-series-11qr-302865291.html

SOURCE Sun Life Financial Inc. - Financial News

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/31/c5261.html

%CIK: 0001097362

CO: Sun Life Financial Inc. - Financial News

CNW 17:01e 31-AUG-26

Source: View Original Filing on SEC EDGAR

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