Sun Life Financial (SLF) announced its intention to renew its normal course issuer bid, subject to the approval of the Office of the Superintendent of Financial Institutions and the TSX. The company’s normal course issuer bid that commenced on August 29, 2024 permits the repurchase of up to 15M common shares, 13,018,997 of which have been repurchased as of May 7, 2025. Once the company has repurchased all 15M common shares under the 2024 NCIB, the company expects to establish a new normal course issuer bid under which the company will be permitted to purchase up to an additional 10M of its common shares, 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.
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