Sun Life Global Investments announces cancellation of proposed fund merger

TORONTO, Sept. 15, 2017 /CNW/ - Sun Life Global Investments announced today that it will no longer proceed with the merger of Sun Life MFS Canadian Equity Fund and Sun Life MFS Canadian Equity Value Fund into Sun Life MFS Canadian Equity Growth Fund, previously announced on July 24, 2017.

Accordingly, Sun Life MFS Canadian Equity Fund and Sun Life MFS Canadian Equity Value Fund will be re-opened to new investors effective September 15, 2017, after having been capped on July 24, 2017.

The name and investment strategies of Sun Life MFS Canadian Equity Class will remain unchanged. The underlying fund for Sun Life MFS Canadian Equity Class will also remain unchanged.

Sun Life Global Investments periodically reviews and adjusts its mutual fund lineup with the aim of generating long-term value for clients.

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. Sun Life Global Investments manages more than $18 billion on behalf of institutional and retail investors from coast to coast and is a member of the Sun Life Financial group of companies. For more information, visit www.sunlifeglobalinvestments.com or connect with us on Twitter @SLGI_Canada.

About Sun Life Financial

Sun Life Financial is a leading international financial services organization providing a diverse range of insurance, wealth and asset management solutions to individuals and corporate Clients. Sun Life Financial 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 June 30, 2017, Sun Life Financial had total assets under management of $944 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.

For further information:

Derek Kirk
Sun Life Financial
416-432-2996
derek.kirk@sunlife.com

SOURCE Sun Life Global Investments (Canada) Inc.