Sun Life Financial Inc 6-K, filed Jun 30, 2021
Sun Life Financial Inc (SLF)
About this 6-K
Sun Life Financial Inc filed this 6-K on June 30, 2021.
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 June 2021 | Commission File Number: 001-15014 |
SUN LIFE FINANCIAL INC.
(the "Company")
(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 ☒ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):____
SIGNATURE
Pursuant to the requirements 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: June 30, 2021 | By: | /s/ “Tracie Allan” | ||
| Tracie Allan | ||||
Assistant Vice-President and Managing Counsel, Sun Life Financial | ||||
| Exhibits | Description | |
| 99.1 | Press Release dated June 30, 2021 – Sun Life completes offering of Limited Recourse Capital Notes | |
Exhibit 99.1
Sun Life completes offering of Limited Recourse Capital Notes
TORONTO, June 30, 2021 /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (the "Company") announced today the successful completion of the public offering in Canada of $1 billion principal amount of 3.60% Limited Recourse Capital Notes Series 2021-1 (Subordinated Indebtedness) (the "Notes"). The net proceeds will be used for general corporate purposes of the Company, which may include investments in subsidiaries, repayment of indebtedness and other strategic investments.
In connection with the issuance of the Notes, the Company issued 1 million Class A Non-Cumulative Rate Reset Preferred Shares Series 14 (the "Series 14 Shares") to be held by Computershare Trust Company of Canada as trustee of a newly formed trust (the "Limited Recourse Trust"). In case of non-payment of interest on or principal of the Notes when due, the recourse of each noteholder will be limited to that holder's proportionate share of the Limited Recourse Trust's assets, which will consist of Series 14 Shares except in limited circumstances.
The Notes and the Series 14 Shares were issued under a prospectus supplement dated June 24, 2021, issued pursuant to the Company's short form base shelf prospectus dated March 19, 2021, both of which are available on the SEDAR website for the Company at www.sedar.com. The Notes were sold on a best efforts agency basis by a syndicate co-led by RBC Capital Markets, BMO Capital Markets and TD Securities.
Neither the Notes nor the Series 14 Shares have been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered, sold or delivered, directly or indirectly, within the United States of America and its territories and possessions or to, or for the account or benefit of, United States persons except in certain transactions exempt from the registration requirements of such Act. 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 a diverse range of insurance, wealth and asset management
solutions to individual and corporate 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 March 31, 2021, Sun Life had total assets under management of $1,304 billion. For more information please visit www.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
| Media Relations Contact: | Investor Relations Contact: |
| Irene Poon | Yaniv Bitton |
| Manager, Corporate Communications | Vice-President, Head of Investor Relations |
| T. 416-988-0542 | & Capital Markets |
| irene.poon@sunlife.com | T. 416-979-6496 |
| investor_relations@sunlife.com |
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SOURCE Sun Life Financial Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/30/c5960.html
%CIK: 0001097362
CO: Sun Life Financial Inc.
CNW 08:16e 30-JUN-21