Sun Life Financial Issues Preferred Shares

On January 13, 2006, Sun Life Financial Inc. completed the issue of $250 million of non-cumulative preferred shares series 3 yielding 4.45 per cent. This is the third time that Sun Life has accessed the public capital markets with a preferred share issuance.

Sun Life was represented by Torys LLP with a team that consisted of Phil Mohtadi and Melissa Ewert (corporate) and Catrina Card and John Unger (tax).

The syndicate of underwriters, led by CIBC World Markets Inc., was represented by McCarthy Tétrault LLP with a team that consisted of Barry Ryan, Tara Rosenblatt (corporate) and Gabrielle Richards, Steven Baum and Gwendolyn Watson (tax).