TORONTO, April 25, 2025 /CNW/ - SLGI Asset Management Inc. ("SLGI Asset Management") announced today changes to the Sun Life Milestone 2025 Fund and Sun Life Wellington Opportunistic Fixed Income Private Pool.
Sun Life Milestone 2025 Fund Maturity
SLGI Asset Management announced today that on June 30, 2025, Sun Life Milestone 2025 Fund (the "Fund") will reach maturity. Effective April 25, 2025, at 4:00 p.m. ET, the Fund will no longer be available for purchases or switches in by both new and existing investors, including pre-authorized chequing plans.
Upon the Fund's maturity, investors will receive the guaranteed value of their units of the Fund. The guaranteed value, in respect of each unit of the Fund, is the greatest of:
- $10.00 per unit (the net asset value ("NAV") per unit on the Fund's start date);
- the highest month-end NAV per unit during the period from the Fund's start date until the Fund's maturity date; or
- the NAV per unit on the maturity date of June 30, 2025.
Investors who redeem before June 30, 2025, will receive the NAV per unit on the day of redemption.
For more information and a complete description of the guaranteed value, please see the Fund's simplified prospectus.
As of June 30, 2025, at 4:00 p.m. ET, all remaining units in the Fund will be switched to Series A units of Sun Life Money Market Fund, and the Fund will be terminated.
Sun Life Wellington Opportunistic Fixed Income Private Pool Closure
SLGI Asset Management also announced today its decision to close Sun Life Wellington Opportunistic Fixed Income Private Pool (the "Pool"). This decision was made with the goal of streamlining offerings for investors.
Effective April 25, 2025, at 4:00 p.m. ET, the Pool will be closed to purchases or switches in by new accounts. Any accounts that already hold units of the Pool may continue to hold, purchase, or switch in additional units. Existing pre-authorized contributions to purchase units of the Pool may continue.
The termination of the Pool will be effective at market close on August 29, 2025, and SLGI Asset Management will redeem any investors remaining in the Pool as of this date.
About SLGI Asset Management Inc.
SLGI Asset Management Inc. is a subsidiary of Sun Life Financial Inc. and offers Canadians a diverse lineup of mutual funds and innovative portfolio solutions, empowering them to pursue their financial goals at every life stage. SLGI Asset Management Inc. brings together the strength of one of Canada's most trusted names in financial services, Sun Life, with some of the best asset managers from around the world to deliver a truly global investment platform. As of December 31, 2024, SLGI Asset Management Inc. manages $40.95 billion on behalf of institutional and retail investors from coast-to-coast and is a member of the Sun Life group of companies. For more information visit www.sunlifeglobalinvestments.com.
About Sun Life
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 U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2024, Sun Life had total assets under management of $1.54 trillion. For more information, please visit 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
Media Relations Contact:
Sun Life Canada: [email protected]
SOURCE SLGI Asset Management Inc.
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