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.