TORONTO, Oct. 6, 2017 /CNW/ - Sun Life Global Investments announced today that unitholders voted to approve the proposed merger of Sun Life Sentry Conservative Balanced Fund into Sun Life Granite Income Portfolio, scheduled to take place on or about October 27, 2017 (the Fund Merger Date).
Sun Life Sentry Conservative Balanced Fund was capped to new investors as of close of business today. Securities will no longer be available for purchase, with the exception of purchases made under pre-authorized purchase plans existing prior to today. Pre-authorized purchase plans that were already in place prior to October 6, 2017, will continue uninterrupted up to close of business on October 26, 2017. These pre-authorized purchase plans will automatically transfer to Sun Life Granite Income Portfolio after the Fund Merger Date.
Unitholders of Sun Life Sentry Conservative Balanced Fund will be able to redeem or switch securities until the close of business on October 26, 2017.
On or about the Fund Merger Date, all holders of units in Sun Life Sentry Conservative Balanced Fund will receive the equivalent series of units in Sun Life Granite Income Portfolio.
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 more than $18 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 a diverse range of insurance, wealth and asset management solutions to individuals 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 June 30, 2017, Sun Life Financial had total assets under management of $944 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.
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SOURCE Sun Life Global Investments (Canada) Inc.