Sun Life Financial's Preferred Shares Series 10R Crosses Above 6% Yield Territory

In trading on Friday, shares of Sun Life Financial Inc's Class A Non-Cumulative Rate Reset Preferred Shares Series 10R (Toronto: SLF-PRH) were yielding above the 6% mark based on its quarterly dividend (annualized to $0.975), with shares changing hands as low as $16.14 on the day. As of last close, SLF.PRH was trading at a 34.72% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible. Investors should keep in mind that the shares are not cumul...