May 22, 2020

Sun Life Global Investments announces vote results of Special Meetings of Securityholders

Sun Life Global Investments (CNW Group/Sun Life Global Investments (Canada) Inc.)

TORONTO, May 22, 2020 /CNW/ - Sun Life Global Investments (Canada) Inc. ("Sun Life Global Investments") announced today securityholder approval to proceed with changes to select mutual funds as previously announced on February 19, 2020 and April 8, 2020. The approved changes are outlined below.

Fund mergers
Effective on or about June 5, 2020, select Sun Life Global Investment funds (collectively, the "Terminating Funds") will each merge into a Sun Life Global Investment fund (collectively, the "Continuing Funds"). The Terminating Funds and Continuing Funds are outlined in the table below:

Terminating Fund

Continuing Fund

Sun Life Sentry Value Fund

Sun Life Sentry Value Class

Sun Life Franklin Bissett Canadian Equity Class

Sun Life Invesco Canadian Class

Sun Life MFS Canadian Equity Growth Fund

Sun Life BlackRock Canadian Composite Equity Class

Sun Life BlackRock Canadian Equity Class

Sun Life BlackRock Canadian Equity Fund

Sun Life Dynamic Energy Fund

Sun Life Dynamic Equity Income Class

Sun Life Dynamic Equity Income Fund

Sun Life BlackRock Canadian Balanced Fund

Sun Life BlackRock Canadian Balanced Class

Sun Life Tactical Balanced ETF Portfolio

Sun Life Dynamic American Fund

Sun Life MFS U.S. Growth Fund

Sun Life Excel Emerging Markets Balanced Fund

Sun Life MFS Global Total Return Fund

Sun Life MFS Monthly Income Fund

Sun Life Granite Income Portfolio

Sun Life Templeton Global Bond Fund

Sun Life Tactical Fixed Income ETF Portfolio

Sun Life Excel China Fund

Sun Life Excel Emerging Markets Fund

Sun Life Dynamic Strategic Yield Class

Sun Life Dynamic Strategic Yield Fund

Sun Life MFS Dividend Income Class

Sun Life MFS Dividend Income Fund

Investment objective changes
Effective June 5, 2020, the investment objectives will change for the following funds:

  • Sun Life Excel India Fund;
  • Sun Life Excel India Balanced Fund; and
  • Sun Life Excel New India Leaders Fund.

The securityholder meeting for the Sun Life MFS Canadian Equity Growth Class was adjourned as quorum was not met. As outlined in the management information circular, the adjourned meeting will be reconvened and held virtually on Thursday, May 28, 2020 at 3:00 p.m. ET. No changes are being made to Sun Life MFS Canadian Equity Growth Class at present.

More information
Full details of the fund mergers and investment objective changes can be found in a management information circular (the "Circular"). This Circular is available on the System for Electronic Document Analysis and Retrieval (SEDAR) profile for the relevant funds at www.sedar.com. The Circular can also be found on the Sun Life Global Investments website.

About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments is a subsidiary of Sun Life Financial Inc. It offers Canadians a diverse lineup of mutual funds and innovative portfolio solutions, empowering them to pursue their financial goals at every life stage. We bring 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 to deliver a truly global investment platform. As of March 31, 2020, Sun Life Global Investments manages $27.41 billion on behalf of institutional and retail investors from coast-to-coast and is a member of the Sun Life group of companies. For more information visit www.sunlifeglobalinvestments.com or connect with us on Twitter @SLGI_Canada.

About Sun Life 
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of 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 March 31, 2020, Sun Life had total assets under management of $1,023 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

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Forward-Looking Statements
Certain statements in this news release may be considered to be forward-looking statements within the meaning of applicable Canadian securities legislation. Information about risk factors relating to the mutual funds managed by Sun Life Global Investments can be found in the current prospectus of the mutual funds discussed in this press release and for Sun Life can be found in the annual information form of Sun Life Financial Inc., for the year ended December 31, 2019 under the heading "Risk Factors" and other regulatory filings filed with or furnished to Canadian securities regulators available at www.sedar.com.

© Sun Life Global Investments (Canada) Inc., 2020. Sun Life Global Investments (Canada) Inc. is a member of the Sun Life group of companies.

Media Relations Contact:
Alexandra Locke
Manager, Corporate Communications
T. 416-408-7357, alexandra.locke@sunlife.com

SOURCE Sun Life Global Investments (Canada) Inc.