Date Closed

November 20, 2009

Lead Office

Toronto

Value

500.00 Million CAD

On November 20, 2009, Sun Life Capital Trust II, a trust established by Sun Life Assurance Company of Canada, completed a $500 million public offering of 5.863% Sun Life ExchangEable Capital Securities  - Series 2009-1 (SLEECS).  The SLEECS qualify as regulatory capital for Sun Life.  The SLEECS were offered by a syndicate of underwriters co-led by Scotia Capital Inc. and RBC Dominion Securities Inc.The interest rate on the SLEECS Series 2009-1  is 5.863% per annum. As described further in the prospectus, the SLEECS Series 2009-1 may in certain circumstances be automatically exchanged for a series of Sun Life preferred shares.

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda.

McCarthy Tétrault LLP advised the syndicate of underwriters with a team led by Barry Ryan.