Sun Life Global Investments announces change to low load sales commissions
Changes will not impact cost to the investor
TORONTO, Nov. 27, 2014 /CNW/ - Sun Life Global Investments (Canada) Inc. ("Sun Life Global Investments") is announcing a change to the sales commissions that it pays dealers when investors purchase units of the Sun Life Global Investments Mutual Funds (the "Funds") under the Low Load Sales Charge option. This change will have no impact on the cost to the investor. Effective January 1, 2015, if an investor buys Series A, Series AH, Series T5 or Series T8 units of a Fund, as applicable, under the Low Load Sales Charge option, Sun Life Global Investments will pay the investor's dealer up to 2.5% of the purchase amount (rather than up to 2% currently paid to an investor's dealer). A similar change was made to the sales commission paid to dealers when investors purchase Series A, Series AT5 or Series AT8 shares of the Sun Life Global Investments mutual funds that are structured as classes of a mutual fund corporation. The amount paid to the investor's dealer as of January 1, 2015 will bring the sales commissions for the Low Load Sales Charge option in-line with the industry.
This change will be reflected, where necessary, in the amendment to the simplified prospectuses for the Funds filed today in connection with this change. These documents will be available at www.sedar.com and www.sunlifeglobalinvestments.com.
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