TORONTO, March 25, 2014 /CNW/ - Sun Life Investment Management Inc. (the
"company") today announced it is launching three pooled funds that
focus on private fixed income, commercial mortgages and real estate
assets, to be available starting April 1, 2014.
The funds are being launched with portfolios of assets totaling
approximately $650 million contributed by Sun Life Assurance Company of
Canada and Sun Life Financial Inc., demonstrating their commitment to
the company and its funds.
The funds will be offered for sale to Canadian institutional investors
who qualify as "permitted clients" under applicable securities
"We have seeded the three funds with a set of quality assets consistent
with the mandates of the funds," said Steve Peacher, President, Sun
Life Investment Management and Chief Investment Officer, Sun Life
Financial. "With the size and seasoned nature of the portfolios, we
believe these funds offer excellent new opportunities for defined
benefit plans and other institutional investors interested in private
asset classes that offer attractive risk-adjusted returns over the long
Following are the funds that Sun Life Investment Management Inc. will
offer and their initial composition. The values of the fund assets are
subject to change.
The Sun Life Private Fixed Income Plus Fund will invest primarily in a diverse portfolio of private fixed income
("PFI") and public fixed income assets. The fund has been seeded with
PFI investments and cash totaling approximately $150 million at March
The Sun Life Canadian Commercial Mortgage Fund will invest primarily in a portfolio of fixed-rate first mortgage loans secured by high quality
income-producing office, retail, industrial, and multi-family rental
properties located in Canadian urban markets. The fund has been seeded
with a diversified portfolio of Canadian commercial mortgages totaling approximately $200 million at
February 28, 2014.
The Sun Life Canadian Real Estate Fund will invest primarily in a portfolio of high quality, income-producing real property located in
growing Canadian urban markets. The fund has been seeded with a
diversified portfolio of Canadian commercial properties with an
aggregate value of approximately $300 million at February 28, 2014.
Further information about Sun Life Investment Management Inc. and its
offerings is available at www.sunlifeinvestmentmanagement.com.
This news release is not an invitation to make an investment in the
funds or a public offering to sell units of the funds. Subscriptions
for units of each fund will only be considered on the terms of the
Offering Memorandum of that fund. Units of the funds are available for
purchase only by Canadian institutional investors who qualify as
"permitted clients" and "accredited investors" under applicable
Canadian securities legislation. The funds are subject to a number of
risks and uncertainties that could cause actual results to differ
materially from current expectations, and subscriptions for units
should only be made after consultation with independent investment and
tax advisors. There is no market through which units of a fund may be
sold and none is expected to develop. Under certain circumstances,
redemptions of units of a fund will be deferred or suspended. Only
investors who do not require immediate liquidity of their investment
and who can reasonably afford a substantial impairment or loss of their
entire investment should consider the purchase of units of a fund. For
detailed information about the risks and uncertainties associated with
investing in a fund, see "Risk Factors" in the Offering Memorandum for
About Sun Life Investment Management Inc.
Sun Life Investment Management Inc. provides investment solutions for
defined benefit pension plans and other institutional investors in
Canada, specializing in private asset class funds and liability driven
investment strategies. It is registered with the Canadian securities
commissions and regulatory authorities as a Portfolio Manager,
Investment Fund Manager, and Exempt Market Dealer.
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
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 December 31, 2013 the
Sun Life Financial group of companies had total assets under management
of $640 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 Inc.
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