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BRIEF-Sun Life Financial - Announces $293 Million Annuity Buy-Out Deal With Rayonier Advanced Materials

Reuters logo Reuters 11/21/2019

Nov 21 (Reuters) - Rayonier Advanced Materials Inc:

* SUN LIFE FINANCIAL INC - ANNOUNCES $293 MILLION ANNUITY BUY-OUT DEAL WITH RAYONIER ADVANCED MATERIALS

* SUN LIFE FINANCIAL - UNDER DEAL, CO TO TAKE OVER RESPONSIBILITY FOR PENSION BENEFITS OWED TO ABOUT 1,500 ONTARIO AND QUEBEC PENSIONERS & BENEFICIARIES

* SUN LIFE FINANCIAL INC - MEMBERS' PENSION BENEFITS WILL REMAIN UNCHANGED AS PART OF DEAL

* SUN LIFE FINANCIAL - WILL BEGIN ADMINISTERING PENSION BENEFITS FOR ONTARIO & QUEBEC PENSIONERS AND BENEFICIARIES EARLY IN 2020

* SUN LIFE FINANCIAL - ANNOUNCED TRANSACTION WITH RAYONIER ADVANCED MATERIALS TO TRANSFER PORTION OF ITS CANADIAN DEFINED BENEFIT PENSION OBLIGATIONS Source text for Eikon: Further company coverage:

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