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Sun Life Announces Intended Renewal of Normal Course Issuer Bid
Sun Life Announces Intended Renewal of Normal Course Issuer Bid Canada NewsWire ...
About this update from Sun Life Financial Inc.
[{"type":"text","content":"\n\n\n\n Sun Life Announces Intended Renewal of Normal Course Issuer Bid\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n May 8, 2025\n \n\n /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (the \"Company\" or \"Sun Life\") announced today its intention to renew its normal course issuer bid, subject to the approval of the Office of the Superintendent of Financial Institutions (\"OSFI\") and the Toronto Stock Exchange (the \"TSX\").\n \n\n The Company's normal course issuer bid that commenced on\n \n August 29, 2024\n \n (the \"2024 NCIB\") permits the repurchase of up to 15,000,000 common shares, 13,018,997 of which have been repurchased as of\n \n May 7, 2025\n \n . Once the Company has repurchased all 15,000,000 common shares under the 2024 NCIB (the \"2024 Repurchased Shares\"), the Company expects to establish a new normal course issuer bid under which the Company will be permitted to purchase up to an additional 10,000,000 of its common shares (the \"2025 NCIB\"), subject to the receipt of applicable approvals from OSFI and the TSX. The 2025 NCIB will expire on the date that is 12 months after its commencement or such earlier date as the Company may determine. The 2025 NCIB will provide the Company with the flexibility to acquire common shares in order to return capital to shareholders as part of its overall capital management strategy.\n \n\n Purchases under the 2025 NCIB may be made through the facilities of the TSX, other Canadian stock exchanges, the New York Stock Exchange, and/or alternative trading platforms in\n \n Canada\n \n and\n \n the United States\n \n , at prevailing market rates. Subject to regulatory approval, purchases under the 2025 NCIB may also be made by way of private agreements or share repurchase programs under issuer bid exemption orders issued by securities regulatory authorities. Any purchases made under an exemption order issued by a securities regulatory authority will generally be at a discount to the prevailing market pric...