Solar Life publicizes intention to redeem Sequence 2017-1 Subordinated Unsecured 2.75% Fastened/Floating Debentures – InsuranceNewsNet

TORONTO, Sept. 26, 2022 /PRNewswire/ – Solar Life Monetary Inc. (TSX: SLF) (NYSE: SLF) as we speak introduced its intention to redeem the entire excellent $400 million principal quantity of Sequence 2017-1 Subordinated Unsecured 2.75% Fastened/Floating Debentures (the “Debentures”) in accordance with the redemption phrases connected to the Debentures. The redemption will probably be funded from current money and liquid property.

The Debentures are redeemable at Solar Life’s choice on or after November 23, 2022 at a redemption worth per Debenture equal to the principal quantity along with accrued and unpaid curiosity to the date of redemption. Solar Life intends to redeem the Debentures on November 23, 2022 (the “Redemption Date”). Discover will probably be delivered to the holders of the Debentures in accordance with the phrases outlined within the belief indenture governing the Debentures.

After the Debentures are redeemed, curiosity will stop to accrue from and after the Redemption Date and holders of Debentures is not going to be entitled to train any rights as holders aside from to obtain the redemption worth.

About Solar Life

Solar Life is a number one worldwide monetary providers group offering asset administration, wealth, insurance coverage and well being options to particular person and institutional Purchasers. Solar Life has operations in quite a lot of markets worldwide, together with Canada, the USA, the United Kingdom, Eire, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2022, Solar Life had complete property below administration of C$1.26 trillion. For extra data, please go to www.sunlife.com.

Solar Life Monetary Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) inventory exchanges below the ticker image SLF.

Word to editors: All figures in Canadian {dollars}

Ahead-looking Statements

Every so often, Solar Life makes written or oral forward-looking statements inside the that means of sure securities legal guidelines, together with the “secure harbour” provisions of the USA Personal Securities Litigation Reform Act of 1995 and relevant Canadian securities laws. Ahead-looking statements contained on this launch embody, with out limitation, statements referring to Solar Life’s anticipated redemption of the Debentures. These statements symbolize our present expectations, estimates, and projections concerning future occasions and will not be historic details, and stay topic to vary, notably in mild of the continuing and creating COVID-19 pandemic and its affect on the worldwide financial system and its unsure affect on our enterprise.  Ahead-looking statements will not be a assure of future efficiency and contain dangers and uncertainties which might be troublesome to foretell. Details about forward-looking statements and danger elements referring to the Firm are set out in our MD&A for the interval ended June 30, 2022 and in SLF Inc.‘s different annual and interim regulatory filings filed with Canadian securities regulators or furnished to U.S. securities regulators, which can be found for assessment at www.sedar.com and www.sec.gov, respectively.

The Firm doesn’t undertake any obligation to replace or revise its forward-looking statements to replicate occasions or circumstances after the date of this doc or to replicate the prevalence of unanticipated occasions, besides as required by regulation.

Solar Life Media and Investor Relations contacts:

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SOURCE Solar Life Monetary Inc.