Sun Life Financial completes C$280 million public offering of preferred shares

On May 25, 2010, Sun Life Financial Inc. (TSX, NYSE: SLF) announced the successful completion of a Canadian public offering of C$280 million of Class A Non-Cumulative Rate Reset Preferred Shares Series 8R (the Series 8R Shares) at a price of C$25.00 per share and yielding 4.35% annually. The offering, initially for C$250 million of Series 8R Shares, was increased to C$280 million following exercise by the underwriting syndicate, co-led by Scotia Capital Inc., RBC Dominion Securities Inc. and TD Securities Inc., of an option to purchase an additional C$30 million of Series 8R Shares.

The Series 8R Shares were issued under a prospectus supplement dated May 13, 2010, which was issued pursuant to a short form base shelf prospectus dated April 1, 2009. The Series 8R Shares are listed on the TSX under the symbol SLF.PR.G. The Series 8R Shares have not been, and will not be, registered under the United States Securities Act.

Further information is found on Sun Life's website.