Exhibit 99.1
Sun Life declares dividends on Common and Preferred Shares payable in Q4 2020
TORONTO, Nov. 4, 2020 /CNW/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.55 per share on the common shares of the Company has been declared, payable December 31, 2020 to shareholders of record at the close of business on November 25, 2020. This is the same amount as paid in the previous quarter.
The Board also announced that the following dividends have been declared on the Company's Class A Non-Cumulative Preferred Shares, payable on December 31, 2020 to shareholders of record at the close of business on November 25, 2020:
| Series 1 | $0.296875 per share |
| Series 2 | $0.30 per share |
| Series 3 | $0.278125 per share |
| Series 4 | $0.278125 per share |
| Series 5 | $0.28125 per share |
|
Series 8R Series 9QR |
$0.114063 per share $0.098238 per share |
| Series 10R | $0.177625 per share |
|
Series 11QR Series 12R |
$0.146129 per share $0.237875 per share |
Common shares of the Company acquired under the Company's Canadian Dividend Reinvestment and Share Purchase Plan (the "Plan") will be purchased by the Plan agent on the open market through the facilities of the Toronto Stock Exchange and through the facilities of other Canadian stock exchanges and alternative Canadian trading platforms.
Sun Life Financial Inc. has designated the dividends referred to above as eligible dividends for the purposes of the Income Tax Act (Canada).
About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions
to individual and corporate 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 September 30, 2020, Sun Life had total assets under management of $1,186 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
Media Relations Contact:
Irene Poon
Manager
Corporate Communications
T. 416-988-0542
irene.poon@sunlife.com
Investor Relations Contact:
Leigh Chalmers
Senior Vice-President, Head of Investor
Relations & Capital Management
T. 647-256-8201
investor_relations@sunlife.com
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SOURCE Sun Life Financial Inc.
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original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2020/04/c9082.html
%CIK: 0001097362
CO: Sun Life Financial Inc.
CNW 17:02e 04-NOV-20