Sun Life Financial announced that on September 30, 2026, it will convert its Series 10R and Series 11QR preferred shares on a one-for-one basis, resulting in 8 million Series 10R shares outstanding and none of Series 11QR. The Series 10R shares will pay a fixed non-cumulative dividend of 5.519% annually for five years starting September 30, 2026. Sun Life may redeem these shares at $25 each starting in 2031, subject to regulatory approval. This move simplifies the preferred share structure and sets a clear dividend outlook for investors.
Sun Life Financial's preferred shares conversion news provides context for readers interested in financial instruments. For readers following the Financials sector, here is Pluang's market snapshot as of Sep 22, 2026 03:13 WIB: out of 82 priced US Financial stocks, 64 rose and 18 fell. Among notable movers, WULF (TeraWulf Inc) rose 2.76% to USD 17.48 with a typical hold time of 15 days and 67% buy orders, contrasting with Citigroup Inc. (C) at USD 135.05, up 2.47% but with 97% sell orders and a much longer hold time of 130 days. Futu Holdings Ltd (FUTU) also gained 2.42% to USD 114.72, with 92% sell orders and a 33-day hold time.
Priority Technology Holdings is being taken private in a $1.6 billion deal led by its Chairman and CEO, Thomas Priore. The acquisition price is $8.05 per share, matching the analyst price target set by Lake Street, which downgraded the stock to 'Hold...
General Mills is set to report its Q3 2026 earnings with an expected 16.3% decline in earnings per share to $0.72 and revenue forecast around $4.35 billion, down from last year. Despite these declines, the company reaffirmed its full-year adjusted EP...
Boeing is experiencing ongoing production challenges with its 737 MAX aircraft, causing delays and a recent 3.7% stock drop. Jefferies lowered its price target to $265, still implying a 32% upside from current prices, reflecting cautious optimism. Ba...
Sun Life Financial announced it will redeem all $500 million of its Series 2021-1 Subordinated Unsecured Debentures on November 18, 2026. The redemption will be funded through existing cash and liquid assets, and the debentures will cease to accrue i...
The Invesco S&P 500 Momentum ETF (SPMO) underwent a semi-annual reconstitution, resulting in 54 changes affecting about 40% of its portfolio. Apple and Merck were the largest additions, while Nvidia was removed despite a strong one-year gain of over ...
