News

December 18, 2014

Sun Life Global Investments to provide investors U.S. tax reporting statements

TORONTO, Dec. 18, 2014 /CNW/ - Sun Life Global Investments (Canada) Inc. (Sun Life Global Investments) will issue Passive Foreign Investment Company (PFIC) Annual Information Statements for tax year 2014.

The statements will allow investors, who have an obligation to disclose investments to U.S. tax authorities and who have a holding in any of the 25 Sun Life Global Investments mutual funds listed below to treat such investments, which are being held in an open account, as a Qualified Electing Fund (QEF). The QEF election permits taxpayers to retain the benefits of the lower tax rate on long-term capital gains and avoid interest penalties.

"We are pleased to offer our clients this visibility into the tax considerations they require for their investments with Sun Life Global Investments," said Sadiq S. Adatia, Chief Investment Officer, Sun Life Global Investments.

 

The funds that Sun Life Global Investments will provide PFIC factors for are:
Sun Life MFS Global Growth Fund
Sun Life MFS Global Value Fund
Sun Life MFS Global Total Return Fund
Sun Life MFS International Growth Fund
Sun Life MFS International Value Fund
Sun Life MFS U.S. Growth Fund
Sun Life MFS U.S. Value Fund
Sun Life MFS U.S. Equity Fund
Sun Life MFS Canadian Bond Fund
Sun Life NWQ Flexible Income Fund
Sun Life Managed Balanced Growth Portfolio
Sun Life Managed Balanced Portfolio
Sun Life Managed Conservative Portfolio
Sun Life Managed Moderate Portfolio
Sun Life Managed Growth Portfolio
Sun Life Managed Conservative Class
Sun Life Managed Moderate Class
Sun Life Managed Balanced Class
Sun Life Managed Balanced Growth Class
Sun Life Managed Growth Class
Sun Life MFS Canadian Equity Class
Sun Life Sentry Value Class
Sun Life MFS U.S. Growth Class
Sun Life MFS Global Growth Class
Sun Life MFS International Growth Class

Investors should consult their financial advisor and a U.S. tax specialist, who can offer professional advice on reporting PFIC holdings accurately.

 

About Sun Life Global Investments (Canada) Inc.

Sun Life Global Investments (Canada) Inc. brings together the strength of one of Canada's most trusted names in financial services with some of the best asset managers from around the world. With a focus on risk management, our rigorous selection and monitoring process provides access to leading asset managers who use insight and innovation to manage high quality investment solutions for Canadian investors. Sun Life Global Investments (Canada) Inc. is a member of the Sun Life Financial group of companies. For more information, visit www.sunlifeglobalinvestments.com.

 

About Sun Life Financial

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Sun Life Financial and its partners have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2014, the Sun Life Financial group of companies had total assets under management of $698 billion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

 

Note to Editors: All figures in Canadian dollars.

SOURCE Sun Life Financial Canada

Contact

Carmela Antolino,
Media & Public Relations,
416-408-7246,
Carmela.Antolino@sunlife.com