Sun Life Financial Inc. Increases Common Share Dividend and Declares Dividends on Preferred Shares Payable in Q22024

Sun Life Financial Inc.'s Board of Directors declared a dividend of CA$0.81 per share on the company's common shares, payable on June 28, 2024, to shareholders of record at the close of business on May 29, 2024. This is a 3 cent increase over the amount paid in the preceding quarter.

The Board also declared the following dividends on the Company's Class A Non-Cumulative Preferred Shares, which are payable on June 28, 2024, to shareholders of record at the close of business on May 29, 2024:​

• Series 3 CA$0.278125 per share
• Series 4 CA$0.278125 per share
• Series 5 CA$0.28125 per share
• Series 8R CA$0.114063 per share
• Series 9QR CA$0.398343 per share
• Series 10R CA$0.185438 per share
• Series 11QR CA$0.445713 per share

​The Plan agent will purchase common shares of the Company acquired under the Company's Canadian Dividend Reinvestment and Share Purchase Plan on the open market using the facilities of the Toronto Stock Exchange, as well as the facilities of other Canadian stock exchanges and alternative Canadian trading platforms.
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Sun Life Financial Inc. has classified the aforementioned distributions as qualifying dividends under the Income Tax Act (Canada).

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life 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 March 31, 2024, Sun Life had total assets under management of CA$1.47 trillion.