/C O R R E C T I O N from Source -- Sun Life Financial Inc./

In the news release, "Sun Life declares dividends on Common and Preferred Shares payable in Q1 2020", issued over CNW on 12-Feb-2020 by Sun Life Financial Inc., we are advised by the company that their dividends are payable to shareholders of record at the close of business on "March 2, 2020", rather than "March 1, 2020" as originally issued. The complete, corrected release follows:

Sun Life declares dividends on Common and Preferred Shares payable in Q1 2020

TORONTO, Feb. 12, 2020 /CNW/ -The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.55 per share on the common shares of the Company has been declared, payable March 31, 2020 to shareholders of record at the close of business on March 2, 2020. 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 March 31, 2020 to shareholders of record at the close of business on March 2, 2020:

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).

About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate 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 December 31, 2019, Sun Life had total assets under management of $1,099 billion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to editors: All figures in Canadian dollars

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SOURCE Sun Life Financial Inc.

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