SUN LIFE FINANCIAL INC

Sun Life Financial Inc. announced the interest rate reset for its $1 billion principal amount of 3.60% Limited Recourse Capital Notes Series 2021-1. The new interest rate for the five-year period commencing June 30, 2026, will be 5.614% per annum. This rate was determined by adding 2.604% to the Government of Canada Yield as of June 29, 2026. Interest will continue to be paid semi-annually, and the notes are callable starting in 2031.

Sun Life Financial Inc. announced its intention to issue $750 million principal amount of Series 2026-1 Subordinated Unsecured 4.21% Fixed/Floating Debentures due 2038. The offering is expected to close on June 19, 2026. The net proceeds will be utilized for general corporate purposes, which may include investments in subsidiaries, repayment of indebtedness, and other strategic investments. These proceeds are also expected to qualify for Tier 2 capital.

Sun Life Financial Inc. announced the renewal of its Normal Course Issuer Bid (NCIB), effective May 29, 2026, until May 28, 2027, as part of its capital management strategy. The company may purchase up to 25% of the average daily trading volume on the TSX and NYSE. An automatic repurchase plan has been established to facilitate purchases during internal trading blackout periods. Sun Life also completed its prior NCIB, having repurchased 10,570,915 common shares at a weighted average price of $83.33.

Sun Life Financial Inc. announced that all 13 nominees listed in its management information circular were elected as directors at its annual and special meeting of common shareholders. The voting results showed strong shareholder approval for all candidates, with most receiving over 99% of votes "For". The detailed results are publicly available through the company's website and securities regulators.

Sun Life reported Q1 2026 underlying net income of $1,050 million, a slight increase from Q1 2025, with underlying EPS up 4% to $1.89. However, reported net income decreased 50% to $465 million, impacted by market-related factors, a $165 million charge from acquiring remaining SLC Management affiliates, and a $145 million legal settlement charge. The company also announced an increase in its common share dividend to $0.96 per share and an intention to renew its normal course issuer bid for up to 10 million shares. Additionally, Sun Life completed acquisitions of remaining interests in BGO and Crescent Capital and plans to acquire Bell Partners.

Sun Life Financial Inc. announced its intention to renew its Normal Course Issuer Bid (NCIB) as part of its capital management strategy. The NCIB is expected to begin on May 29, 2026, or earlier, and will conclude within 12 months of its commencement. Shares will be purchased on various exchanges, including the TSX and NYSE, and will either be cancelled or used for equity-settled incentive arrangements.

Sun Life Financial Inc. announced its Board of Directors declared a common share dividend of $0.96 per share, marking a $0.04 increase from the prior quarter. This dividend is payable on June 30, 2026, to shareholders of record on May 27, 2026. Additionally, the company declared dividends on several series of its Class A Non-Cumulative Preferred Shares, also payable on June 30, 2026, to shareholders of record on May 27, 2026. All figures are in Canadian dollars.