Sun Life Reminds shareholders to be cautious of the share purchase offer at a price lower than the market price Ocehan LLC
Toronto, October 8, 2026 / PRNewswire / -- Sun Life Financial Inc. (“Sun Life”) (“TSX”: SLF; “NYSE”: SLF) indicates that the company has become aware that Ocehan LLC (“Ocehan”) has made an unsolicited tender offer to purchase up to 100,000 shares of Sun Life common stock at a price significantly lower than the recent market prices of Sun Life common stock on the Canadian and U.S. stock exchanges.
Sun Life indicates that the company has no association with Ocehan, and it does not recommend or endorse shareholders to accept this unsolicited offer from Ocehan. Shareholders are not obligated to sell their shares to Ocehan.
Sun Life reminds that the tender offer price of Ocehan for a minority stake is significantly lower than the recent market price of Sun Life's ordinary shares. This offer price represents a discount of 24.97% and 24.93% respectively compared to the closing prices of Sun Life's ordinary shares on the Toronto Stock Exchange and the New York Stock Exchange on August 27, 2026. August 27 was the last trading day before the initiation of this minority stake tender offer.
Regarding small-scale tender offers
Canadian and U.S. securities regulators advise investors to be cautious regarding small-value tender offers. The purpose of small-value tender offers is to circumvent the information disclosure and procedural requirements applicable to most tender offers under Canadian and U.S. securities laws. Both the Canadian Securities Commission (CSA) and the U.S. Securities and Exchange Commission (SEC) have expressed serious concerns regarding small-value tender offers, including the possibility that investors may accept such offers without understanding the offer price relative to the actual market price of their securities.
SEC indicates that 'the acquirer will make a small offer at a price lower than the market price, hoping to catch investors off guard before they have the chance to compare the offer price with the current market price.' SEC has issued 'investor alerts' regarding such small offer acquisitions. Relevant alerts can be found on their website: www.sec.gov / investor / pubs / minitend.htm.
Guidelines regarding CSA's approach to small-value offers over the long term can be found on the Ontario Securities Commission's website: www.osc.ca / en / securities-law / instruments-rules-policies /6/61-301/ csa-staff-notice-61-301-staff-guidance-practice-mini-tenders.
Sun Life also encourages brokers, traders, and other market participants to remain cautious, and to refer to the documents on the SEC website regarding the dissemination of small-order offering materials and disclosure requirements by brokerage traders: www.sec.gov / divisions / marketreg / minitenders / sia072401.htm.
Sun Life requires that in any distribution of materials related to the small-scale offer for Sun Life's common shares by Ocehan, a copy of this press release must be attached.
Information for Shareholder Sun Life
According to the tender document of Ocehan, shareholders of Sun Life who have already submitted their shares may withdraw their shares within 21 days in accordance with the procedures listed in the tender document.
Sun Life indicates that shareholders should carefully review the offer documents of Ocehan, and communicate with their own Sun Life advisors or investment consultants regarding any offers received. At the same time, they should examine all available options for their investments in Sun Life shares. If you are located in Canada and do not have a Sun Life advisor but are interested in finding one, you may visit: www.sunlife.ca / en / find-an-advisor.
Sun Life Resources
Sun Life indicates that the company has stock transfer agencies in Canada, the United States, the United Kingdom, Hong Kong, and the Philippines to provide services to shareholders. These local agencies directly serve registered shareholders and can provide information regarding stock account management, direct dividend deposits, dividend reinvestment, and share purchase plans. For more information, please send an email to [ email protected ] or call 1-877-224-1760.
About Sun Life
Sun Life is a leading international financial services institution that provides asset management, wealth management, insurance, and health solutions for individual and institutional clients. Sun Life operates in multiple markets around the world, 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 June 30, 2026, Sun Life managed a total assets of 1.70 trillion Canadian dollars. For more information, please visit: www.sunlife.com.
Listed and traded under the stock code SLF on the Toronto Stock Exchange (TSX), the New York Stock Exchange (NYSE), and the Philippine Stock Exchange (PSE).
Editor's note: All amounts are stated in Canadian dollars.
Please contact the media relations department of Sun Life. Send an email to [ email protected ].
Please contact the Investor Relations department of Sun Life. Send an email to [ email protected ].
