Sun Life Financial Inc. announced its intention to redeem all of the outstanding $350 million principal amount of Series 2008-2 subordinated unsecured 5.12 fixed/floating debentures due 2018 (the "Debentures") in accordance with the redemption terms attached to the debentures. The debentures are redeemable at Sun Life Financial Inc.'s option on June 26, 2013 (the "Redemption Date") at a redemption price per debenture equal to the principal amount together with accrued and unpaid interest to the redemption date. Notice will be delivered to the holders of the debentures in accordance with the terms outlined in the trust indenture governing the debentures. After the debentures are redeemed, interest will cease to accrue from and after the redemption date and holders of debentures will not be entitled to exercise any rights as holders other than to receive the redemption price.

Sun Life Financial Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenues of CAD 2,033 million compared to CAD 1,998 million a year ago. Total revenue was CAD 3,790 million compared to CAD 3,175 million a year ago. Income before income taxes were CAD 518 million compared to CAD 505 million a year ago. Net income from continuing operations was CAD 433 million compared to CAD 438 million a year ago. Net income attributable to the shareholders from continuing operations was CAD 439 million compared to CAD 436 million a year ago. Diluted earnings per share from continuing operations was CAD 0.68 compared to CAD 0.68 a year ago. Diluted earnings per share were CAD 0.85 compared to CAD 1.15 a year ago. Operating earnings per share from continuing operations was CAD 0.75 compared to CAD 0.74 a year ago. Operating return on equity was 15.8% compared to 22.1% a year ago. Reported return on equity was 14.3% compared to 20.9% a year ago. Operating net income from combined operations was CAD 565 million compared to CAD 727 million a year ago. Reported net income from combined operations was CAD 513 million compared to CAD 686 million a year ago. Diluted operating EPS from combined operations was CAD 0.94 compared to CAD 1.24 a year ago. Diluted reported earnings per share from combined operations was CAD 0.85 compared to CAD 1.15 a year ago. The Board of Directors of the company announced a quarterly dividend of CAD 0.36 per common share, payable June 28, 2013, to shareholders of record at the close of business on May 29, 2013. This is the same amount as paid in the previous quarter. The Board also announced that the following quarterly dividends on its Class A Non-Cumulative Preferred Shares are payable on June 28, 2013, to shareholders of record at the close of business on May 29, 2013: Series 1: CAD 0.296875 per share; Series 2: CAD 0.30 per share; Series 3: CAD 0.278125 per share; Series 4: CAD 0.278125 per share; Series 5: CAD 0.28125 per share; Series 6R: CAD 0.375 per share; Series 8R: CAD 0.271875 per share; Series 10R: CAD 0.24375 per share; Series 12R: CAD 0.26563 per share. Dividends payable on June 28, 2013, to participants in the Canadian Dividend Reinvestment and Share Purchase Plan (the Plan) will be used to purchase common shares issued from treasury at a 2% discount to the volume weighted average market price determined in accordance with the Plan. This discount does not apply to common shares acquired by participants through the optional cash purchase feature of the Plan.

SLF Canada reported unaudited earnings results for the first quarter ended March 31, 2013. The company reported total operating net income of CAD 263 million compared to CAD 239 million a year ago. Reported net income was CAD 277 million compared to CAD 227 million a year ago. Operating ROE was 14.5% compared to 14.6% a year ago.