Sun Life Global Investments announces changes to certain Sun Life MFS McLean Budden mutual funds

TORONTO, April 2, 2012 /CNW/ - As previously announced, effective April 2, 2012, Sun Life Global Investments (Canada) Inc. (Sun Life Global Investments) became the manager and trustee of the mutual funds previously managed by McLean Budden Limited (the Funds). Sun Life Global Investments now proposes to make some additional changes to the Funds.

Amendment to Trust Agreement

On or about June 1, 2012, Sun Life Global Investments expects to amend the Trust Agreement governing each of the Funds in order to modernize the document aligning it with industry practice for publicly offered mutual funds. The amended Trust Agreement will, for the most part, conform to the Master Declaration of Trust governing the other mutual funds managed by Sun Life Global Investments.

A description of any major amendments to the Trust Agreement will be available to the unitholders on the Funds' website: www.sunlifeglobalinvestments.com. Investors in the Funds may obtain a copy of the draft amended Trust Agreement by contacting Sun Life Global Investments at 1-877-344-1434 or at [email protected].

Renaming and Reclassification of Series

On or about June 1, 2012, Series O units of each of Sun Life MFS McLean Budden Global Research Equity Fund (formerly McLean Budden Global Equity Fund) and Sun Life MFS McLean Budden International Equity Fund (formerly McLean Budden International Equity Fund) will be renamed Series I units. In addition, Series C units of each of these Funds will be reclassified as Series I units.

Distribution Policy Change

Effective today, Sun Life MFS McLean Budden Balanced Growth Fund (formerly McLean Budden Balanced Growth Fund) and Sun Life MFS McLean Budden Balanced Value Fund (formerly McLean Budden Balanced Value Fund) will distribute income and capital gains, if any, in December of each year. Previously, each of these Funds distributed income on the last business day of each quarter and distributed capital gains on the last business day of each year.

About Sun Life Global Investments (Canada) Inc.

Sun Life Global Investments brings 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. With a focus on risk management, our rigorous selection and monitoring process provides access to leading asset managers who use insight and innovation to manage high quality investment solutions for Canadian investors. For more information, visit: www.sunlifeglobalinvestments.com.

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. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of December 31, 2011, the Sun Life Financial group of companies had total assets under management of $466 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.

Frank Switzer
Vice-President, Corporate Communications
Sun Life Financial
Tel: [phone]
[email protected]