Eligible policyholders who chose cash can expect to have payment mailed within two weeks following the closing of IPO, which is expected to occur on March 29, 2000. The closing of the IPO will mark the completion of the demutualization process of Sun Life of Canada. Jim Peterson approved Sun Life of Canada s demutualization plan on March 22, 2000. Sun Life of Canada and its subsidiary companies provide a wide range of savings, retirement, pension and life and health insurance products and services to individuals and corporate customers in select world markets. Sun Life of Canada operates primarily in Canada, the United States, and the United Kingdom and also has operations in Asia and South America.
All figures are in Canadian dollars unless otherwise stated.