Sun Life Financial (SLF) Increases Common Share dividend and declares dividends on Preferred Shares

The Board of Directors of Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced an increase of 4% or 2 cents per share to the dividend to be paid on its common shares, rising to $0.475 cents per common share, payable June 29, 2018, to shareholders of record at the close of business on May 30, 2018.

The Board announced that the following quarterly dividends on its Class A Non-Cumulative Preferred Shares are payable on June 29, 2018, to shareholders of record at the close of business on May 30, 2018:

Common shares acquired under the 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).

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