McLean Budden and Sun Life Global Investments have received investor approval for certain mutual fund mergers, previously announced on Dec. 8, 2011.
Unitholders of the applicable mutual funds have approved the merger of each terminating fund listed below into the applicable continuing fund:
| Terminating Fund(s) | Continuing Fund | New Name of Continuing Fund (as of April 2, 2012) |
| McLean Budden Global Equity Fund | Sun Life MFS Global Growth Fund | Sun Life MFS McLean Budden Global Growth Fund |
| McLean Budden International Equity Fund | Sun Life MFS International Growth Fund | Sun Life MFS McLean Budden International Growth Fund |
| Sun Life McLean Budden Canadian Bond Fund, McLean Budden Real Return Bond Fund, McLean Budden Global Bond Fund | McLean Budden Fixed Income Fund | Sun Life MFS McLean Budden Canadian Bond Fund |
| McLean Budden LifePlan® Retirement Fund | Sun Life Managed Conservative Portfolio | Sun Life Managed Conservative Portfolio (no change) |
| McLean Budden LifePlan® 2020 Fund | Sun Life Milestone 2020 Fund | Sun Life Milestone 2020 Fund (no change) |
| McLean Budden LifePlan® 2030 Fund | Sun Life Milestone 2030 Fund | Sun Life Milestone 2030 Fund (no change) |
In addition, regulatory approval has been granted for the applicable mergers.
As previously announced, McLean Budden Money Market Fund will be merged into Sun Life Money Market Fund. This merger does not require unitholder approval or regulatory approval.
All of the mergers, other than the merger of McLean Budden Global Equity Fund into Sun Life MFS Global Growth Fund and the merger of McLean Budden International Equity Fund into Sun Life MFS International Growth Fund, will be effective on or about the close of business on March 30, 2012. On this date, holders of units of each relevant terminating fund will receive units of the applicable Continuing Fund as a result of the merger and the terminating fund will be wound up as soon as possible following the merger.
The merger of McLean Budden Global Equity Fund into Sun Life MFS Global Growth Fund and the merger of McLean Budden International Equity Fund into Sun Life MFS International Growth Fund will not be effective March 30, 2012 and instead, will be effective on a future date to be determined by Sun Life that is no later than Dec. 31, 2012.
These mergers are in connection with the transfer of the mutual fund business of McLean Budden to Sun Life, which is expected to close on April 2, 2012.