TORONTO, Dec. 14, 2012 /CNW/ - Sun Life Assurance Company of Canada ("Sun
Life") and Sun Life Financial Trust Inc. ("Sun Life Trust") are issuing this
announcement under the early warning system in respect of their holdings in
Canadian Tire Corporation (the "Corporation") under the Corporation's deferred
profit sharing plan (the "Plan"). Effective November 23, 2007, Sun Life was
engaged to make available to the Plan a group annuity policy and was directed
to create and continues to make available a segregated fund with Sun Life
consisting of Common Shares and Class A Non-Voting Shares of the Corporation
(the "CTC Share Fund"). In connection with the CTC Share Fund, Sun Life holds
as legal and beneficial owner, and Sun Life Trust, which effective the date
hereof became the trustee of the Plan, holds as trustee and group annuity
policyholder, 419,280 Common Shares of the Corporation representing
approximately 12.2% of the issued and outstanding Common Shares, and 1,005,855
Class A Non-Voting Shares of the Corporation, representing 1.29% of the issued
and outstanding Class A Non-Voting Shares.
Neither Sun Life nor Sun Life Trust has any economic interest in those Common
Shares or Class A Non-Voting Shares, as they are held in the CTC Share Fund
for the sole benefit of the Plan and its participants. Further, each has
agreed since the inception of their involvement with the Plan not to
independently exercise any rights of control or direction over those shares,
and to act solely upon direction with respect to voting rights and solely in
response to participant directions in connection with purchases and sales of
such shares. In addition to the Common Shares and Class A Non-Voting Shares of
the Corporation held in the CTC Share Fund, Sun Life holds an 1,420,608 Class
A Non-Voting Shares of the Corporation for the benefit of another Sun Life
segregated fund for which it also takes investment directions from plan
participants, such that its combined holdings represent 3.11% of the Class A
Non-Voting Shares of the Corporation in the aggregate.
Sun Life (with a head office address of 150 King Street West, Toronto,
Ontario, M5H 1J9) and Sun Life Trust (with a head office address of 227 King
Street South, Waterloo, Ontario, N2J 4C5) are each an "eligible institutional
investor" as defined in National Instrument 61-103 The Early Warning System
and Related Take-Over Bid and Insider Reporting Issues, and each intends to
file the alternative monthly reports contemplated by Part 4 of that
Instrument. There are no joint actors involved with Sun Life and Sun Life
Trust in connection with their roles in relation to the Plan.
About Sun Life Financial
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, Vietnam and Bermuda. As of
September 30, 2012, the Sun Life Financial group of companies had total assets
under management of $515 billion. For more information please visit
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.
Media Relations Contact: Frank Switzer Vice-President Corporate
Communications Tel: 416-979-4086 firstname.lastname@example.org
SOURCE: Sun Life Financial Inc.
To view this news release in HTML formatting, please use the following URL:
CO: Sun Life Financial Inc.
NI: FIN INS
-0- Dec/14/2012 22:36 GMT
Press spacebar to pause and continue. Press esc to stop.