Mr. David Garg reports

SUN LIFE DECLARES DIVIDENDS ON COMMON AND PREFERRED SHARES PAYABLE IN Q3 2024

Sun Life Financial Inc. will pay a dividend of 81 cents per share on the common shares of the company on Sept. 27, 2024, to shareholders of record at the close of business on Aug. 28, 2024. 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 Sept. 27, 2024, to shareholders of record at the close of business on Aug. 28, 2024.

Series 3    $0.278125 per share
Series 4    $0.278125 per share
Series 5    $0.28125  per share 
Series 8R   $0.114063 per share
Series 9QR  $0.395852 per share
Series 10R  $0.185438 per share
Series 11QR $0.443742 per share 

Common shares of the company acquired under the company's Canadian dividend reinvestment and share purchase 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 has designated the dividends referred to above as eligible dividends for the purposes of the Income Tax Act (Canada).

About Sun Life Financial Inc.

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional 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 June 30, 2024, Sun Life had total assets under management of $1.46-trillion.