The offer represents a discount of 24.95% compared to the May 25 closing price on the Toronto Stock Exchange and 24.38% against the May 22 NYSE closing price. Because mini-tender offers are designed to bypass standard disclosure and procedural requirements, both the U.S. Securities and Exchange Commission and the Canadian Securities Administrators have issued warnings regarding their use, noting that such bids often catch unsuspecting investors off guard.

Shareholders who have already tendered their shares retain the right to withdraw them within 21 days, according to the terms outlined in Ocehan’s offer documents. Sun Life urges investors to consult with professional financial advisors and thoroughly compare the bid against current market prices before making any decisions. For those needing guidance, the company has directed shareholders to its official transfer agents or its investor relations department for further clarification on their holdings.