TORONTO, ON – (August 8, 2023) – The Board of Directors (the “Board”) of Sun Life Financial Inc. (the “Company”) (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.75 per share on the common shares of the Company has been declared, payable September 29, 2023to shareholders of record at the close of business on August 30, 2023. 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 September 29, 2023 to shareholders of record at the close of business on August 30, 2023:
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 $0.376381 per share
Series 10R $0.185438 per share
Series 11QR $0.424271 per share

Common shares of the Company acquired under the Company’s 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).