TORONTO, June 22 /CNW/ - Sun Life Financial Inc. (TSX/NYSE: SLF) announced
today that it has acquired 2,300,000 trust units of CI Financial Income Fund
("CI"), representing approximately 1.65% of those outstanding. Together with
its existing holdings of 14,110,900, Sun Life now has ownership and control of
16,410,900 CI trust units, representing approximately 11.8% of those
outstanding. Sun Life also has ownership and control of 88,198,995
exchangeable limited partner units of Canadian International LP which are
exchangeable into CI trust units on a one-for-one basis at any time. Sun
Life's aggregate holdings of trust units and exchangeable limited partner
units represent an ownership interest in CI of approximately 36.5%. Sun Life's
interest in CI had recently decreased slightly as a result of CI's purchase of
Rockwater Capital Corporation. Today's purchase re-establishes Sun Life's
previous ownership interest in CI.
The trust units were acquired from CI by private placement for investment
purposes. Sun Life Financial may from time to time acquire additional
securities of CI in the open market, by private agreement or otherwise.
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. Chartered in
1865, Sun Life Financial and its partners today have operations in key markets
worldwide, including Canada, the United States, the United Kingdom, Ireland,
Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of
March 31, 2007, the Sun Life Financial group of companies had total assets
under management in excess of CDN$446 billion.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under ticker symbol SLF.
For further information:
For further information: Media Relations Contact: Susan Jantzi, Senior
Manager, External Communications & Corporate Affairs, Tel: (519) 888-3160,
email@example.com; Investor Relations Contact: Kevin Strain,
Vice-President, Investor Relations, Tel: (416) 204-8163,