TORONTO, July 31, 2013 /CNW/ - On December 17, 2012, Sun Life Financial
Inc. (the "Company") (TSX: SLF) (NYSE: SLF) announced the sale of its
domestic U.S. annuity business and certain life insurance businesses
(the "U.S. Annuity Business") to Delaware Life Holdings, LLC. The
parties have now received all regulatory approvals and the transaction
is expected to close on or before August 2, 2013.
The foregoing statement concerning the anticipated closing of the sale
of the U.S. Annuity Business is a forward-looking statement. It
represents the Company's current expectations regarding future events
and is made within the meaning of the "safe harbour" provisions of the
United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation. Forward-looking statements
are not a guarantee of future performance and involve risks and
uncertainties that are difficult to predict. For additional information
concerning the transaction and risks related to the transaction, see
"Forward-looking Information" and "Risk Factors" in the 2012 Annual
Information Form of Sun Life Financial Inc.
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 March
31, 2013 the Sun Life Financial group of companies had total assets
under management of $571 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. - Financial News
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