SLEEC

AcronymDefinition
SLEECShingle Lap Extendible Exit Cone
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While the SLEECS are structured and rated as preferred stock, A.
A.M. Best Rates Sun Life Exchangeable Capital Securities
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.
Fitch Assigns `AA' To Sun Life Capital Trust's Ser A `SLEECS'
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.
S&P Rts Sun Life Capital Trust's C$650M SLEECS 'P-1'
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