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Sun Life Global Investments announces changes to financial year-end of select funds

TORONTO, May 3, 2019 /CNW/ - Sun Life Global Investments (Canada) Inc. ("Sun Life Global Investments") today announced changes to the financial year-end of select funds (as listed below, the "Funds") managed by Sun Life Global Investments with the aim of aligning such Funds' year-ends with Sun Life Global Investments' other funds in order to create operational efficiencies. The Funds' year-ends will change from September 30 to December 31.

Funds impacted by this change:

  • Sun Life Excel China Fund (formerly Excel China Fund)
  • Sun Life Excel High Income Fund (formerly Excel High Income Fund)
  • Sun Life Excel India Fund (formerly Excel India Fund)
  • Sun Life Excel Emerging Markets Balanced Fund (formerly Excel Emerging Markets Balanced Fund)
  • Sun Life Excel India Balanced Fund (formerly Excel India Balanced Fund)
  • Sun Life Excel New India Leaders Fund (formerly Excel New India Leaders Fund)
  • Growth & Income Class (a class of shares of Excel Funds Mauritius Company Ltd.)
  • New Leaders Class (a class of shares of Excel Funds Mauritius Company Ltd.)


Transition Process
The transition year for each of the Funds will be the fifteen-month period from October 1, 2018, to December 31, 2019 (the "Transition Year"). Each of the Funds will file annual financial statements and annual MRFPs for this period by March 30, 2020. The comparative financial information included in each of the Funds' annual financial statements will be for the old financial year, the twelve-month period from October 1, 2017, to September 30, 2018.

Interim Financial Statements and MRFPs in the Transition Year:
Each of the Funds will file interim financial statements (unaudited) and interim MRFPs for the six-month interim period from October 1, 2018, to March 31, 2019, by May 30, 2019. The comparative financial information included in the interim financial statements (unaudited) will be for the six-month period from October 1, 2017, to March 31, 2018.

Annual Financial Statements and MRFPs in the New Financial Year:
Following the completion of the Transition Year for each of the Funds, the new financial year for each of the Funds will run the twelve-month period from January 1, 2020, to December 31, 2020. Each of the Funds will file annual financial statements and annual MRFPs for this period. The comparative financial information included in the annual financial statements will be for the fifteen-month period October 1, 2018, to December 31, 2019.

Interim Financial Statements and MRFPs in the New Financial Year:
The interim financial period for each of the Funds under the new financial year will be for the six-month period from January 1, 2020, to June 30, 2020. Each of the Funds will file interim financial statements (unaudited) and interim MRFPs for this period. The comparative financial information included in the interim financial statements (unaudited) will be for the six-month period from January 1, 2019, to June 30, 2019.

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 $23 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 insurance, wealth and asset management solutions to individual 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 December 31, 2018, Sun Life Financial had total assets under management of $951 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 amounts 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 are forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Information about risk factors relating to Sun Life Global Investments and Sun Life Financial can be found in the annual information form of Sun Life Financial Inc., for the year ended December 31, 2018, under the heading "Risk Factors" and other regulatory filings filed with or furnished to Canadian and U.S. securities regulators available at www.sedar.com and www.sec.gov.

© Sun Life Global Investments (Canada) Inc., 2019. Sun Life Global Investments (Canada) Inc. is a member of the Sun Life Financial group of companies.

Media Relations Contact:
Catherine Rajana
Senior Media Specialist
Corporate Communications
T. 416-475-4744
catherine.rajana@sunlife.com

SOURCE Sun Life Global Investments (Canada) Inc.


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