SLEEC - What does SLEEC stand for? The Free Dictionary
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While the SLEECS are structured and rated as preferred stock, A.
The issuance of the SLEECS by Sun Life Capital Trust, a trust established by Sun Life, is a significant part of the external financing of Sun Life's acquisition of Keyport Life Insurance Company (Keyport Life) and Independent Financial Marketing Group (IFMG) from Liberty Financial Companies, Inc.
SLEECS will be issued by Sun Life Capital Trust, a closed-end wholly owned trust of Sun Life, which will allow Sun Life to raise cost-effective and tax-deductible Tier 1 capital.