Sun Life 2012 Annual Report Download - page 75

The table below provides the first call and maturity dates for our subordinated debt, SLEECS and preferred shares.
Description
Interest
Rate
Earliest Par Call
Date/Redemption Date(1) Maturity
Principal/
Face Amount
($ millions)
Subordinated Debt Issued by Sun Life Assurance
6.30% Debentures, Series 2 6.30% n/a 2028 150
Subordinated Debt Issued by SLF Inc.
Series 2007-1 5.40% May 29, 2037 2042 400
Series 2008-1 5.59% January 30, 2018 2023 400
Series 2008-2 5.12% June 26, 2013 2018 350
Series 2009-1 7.90% March 31, 2014 2019 500
Series 2012-1 4.38% March 2, 2017 2022 800
Subordinated Debt Issued by Sun Canada Financial Co.
7.25% Subordinated Notes (US denominated) 7.25% n/a 2015 150
Trust Units Issued by Sun Life Capital Trust
SLEECS – Series B 7.09% June 30, 2032 Perpetual 200
Debt Securities Issued by Sun Life Capital Trust II
SLEECS – Series 2009-1 5.86% December 31, 2019 2108 500
Class A Preferred Shares Issued by SLF Inc.
Series 1 4.75% March 31, 2010 Perpetual 400
Series 2 4.80% September 30, 2010 Perpetual 325
Series 3 4.45% March 31, 2011 Perpetual 250
Series 4 4.45% December 31, 2011 Perpetual 300
Series 5 4.50% March 31, 2012 Perpetual 250
Series 6R(2) 6.00% June 30, 2014 Perpetual 250
Series 8R(3) 4.35% June 30, 2015 Perpetual 280
Series 10R(4) 3.90% September 30, 2016 Perpetual 200
Series 12R(5) 4.25% December 31, 2016 Perpetual 300
(1) The earliest date on which the Company has the option, but not the obligation, to call securities for redemption at their par value.
(2) On June 30, 2014, and every five years thereafter, the annual dividend rate will reset to an annual rate equal to the 5-year Government of Canada bond yield plus 3.79%.
Holders of the Series 6R Shares will have the right, at their option, to convert their Series 6R Shares into Class A Non-Cumulative Floating Rate Preferred Shares Series
7QR on June 30, 2014, and every five years thereafter. Holders of Class A Non-Cumulative Floating Rate Preferred Shares Series 7QR Shares will be entitled to receive
fixed non-cumulative quarterly dividends at an annual rate equal to the then 3-month Government of Canada treasury bill yield plus 3.79%.
(3) On June 30, 2015, and every five years thereafter, the annual dividend rate will reset to an annual rate equal to the 5-year Government of Canada bond yield plus 1.41%.
Holders of the Series 8R Shares will have the right, at their option, to convert their Series 8R Shares into Class A Non-Cumulative Floating Rate Preferred Shares Series
9QR on June 30, 2015, and every five years thereafter. Holders of Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR will be entitled to receive fixed non-
cumulative quarterly dividends at an annual rate equal to the then 3-month Government of Canada treasury bill yield plus 1.41%.
(4) On September 30, 2016, and every five years thereafter, the annual dividend rate will reset to an annual rate equal to the 5-year Government of Canada bond yield plus
2.17%. Holders of the Series 10R Shares will have the right, at their option, to convert their Series 10R Shares into Class A Non-Cumulative Floating Rate Preferred Shares
Series 11QR on September 30, 2016, and every five years thereafter. Holders of Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR Shares will be
entitled to receive fixed non-cumulative quarterly dividends at an annual rate equal to the then 3-month Government of Canada treasury bill yield plus 2.17%.
(5) On December 31, 2016, and every five years thereafter, the annual dividend rate will reset to an annual rate equal to the 5-year Government of Canada bond yield plus
2.73%. Holders of the Series 12R Shares will have the right, at their option, to convert their Series 12R Shares into Class A Non-Cumulative Floating Rate Preferred Shares
Series 13QR on December 31, 2016, and every five years thereafter. Holders of Class A Non-Cumulative Floating Rate Preferred Shares Series 13QR will be entitled to
receive fixed non-cumulative quarterly dividends at an annual rate equal to the then 3-month Government of Canada treasury bill yield plus 2.73%.
The following table shows the number of common shares and stock options outstanding of SLF Inc. for the last two years.
Number of Common Shares Outstanding
(in millions) 2012 2011
Balance, beginning of year 587.8 574.3
Stock options exercised 0.6 1.7
Common shares issued to non-controlling interest –1.7
Canadian Dividend Reinvestment and Share Purchase Plan 11.2 10.1
Balance, end of year 599.6 587.8
Number of Stock Options Outstanding
(in millions) 2012 2011
Balance, beginning of year 13.2 14.2
Options issued 2.2 1.7
Options exercised or cancelled (2.2) (2.7)
Balance, end of year 13.2 13.2
Management’s Discussion and Analysis Sun Life Financial Inc. Annual Report 2012 73