SCHEDULE: Sun Life Reorganizes Crescent Credit Income Holdings

Sun Life Financial Inc. has reorganized its beneficial ownership of Crescent Private Credit Income Corp shares, transferring holdings between subsidiaries.

Summary

• SLC Asset Management ULC (SLCAM) has been added as a new joint filer for Crescent Private Credit Income Corp's Class I Shares of Common Stock.
• Effective June 2, 2025, BK Canada Holdings Inc. (BKCH) transferred all of its shares in Crescent Private Credit Income Corp to SLC Asset Management ULC as part of a corporate reorganization.
• SLC Asset Management ULC now beneficially owns 4,674,723 shares, representing 48.3% of the class, with sole voting and dispositive power.
• BK Canada Holdings Inc. now holds 4,674,723 shares with shared voting and dispositive power, reflecting the transfer to SLCAM.
• Sun Life Assurance Company of Canada (SLA) continues to hold 1,200,000 shares, representing 12.4% of the class, with sole voting and dispositive power.
• Sun Life Financial Inc. (SLF), the parent holding company, beneficially owns an aggregate of 5,874,723 shares, representing 60.7% of the class, through its subsidiaries SLCAM and SLA, with shared voting and dispositive power.

Sentiment

Score: 5

Explanation: The filing is neutral as it reports a routine internal corporate reorganization of beneficial ownership, with no direct positive or negative implications for the issuer's operational or financial performance.

Future Outlook

The filing does not provide forward-looking statements or guidance regarding the issuer's operations or financial performance, focusing solely on beneficial ownership changes within the reporting entities.

Industry Context

This Schedule 13G amendment reflects a routine internal corporate reorganization within a large financial institution, Sun Life Financial Inc., concerning its investment holdings. Such filings are standard disclosures required when beneficial ownership thresholds are met or change, providing transparency on significant shareholder positions.

Related Party Transactions

• BK Canada Holdings Inc. transferred shares to SLC Asset Management ULC, both of which are wholly-owned subsidiaries of Sun Life Financial Inc., indicating an intra-group transaction.

Stakeholder Impact

• The primary impact is internal to Sun Life Financial Inc., affecting how its investment in Crescent Private Credit Income Corp is structured among its subsidiaries.
• For shareholders of Crescent Private Credit Income Corp, the ultimate beneficial owner (Sun Life Financial Inc.) remains the same, but the direct holding entity has changed.

Key Dates

Keywords

Crescent Private Credit Income Corp, Sun Life Financial Inc., SLC Asset Management ULC, BK Canada Holdings Inc., Sun Life Assurance Company of Canada, Beneficial Ownership, Corporate Reorganization, SEC Filing, Schedule 13G, Investment Management