2023-08-08 17:37:00 ET
- Sun Life Financial ( TSX: SLF:CA ) ( NYSE: SLF ) intends to launch a normal course issuer bid to purchase up to 17 million of its common shares, the company said Tuesday.
- The shares that would be bought under NCIB represent about 2.9% of the 586,902,472 common shares issued and outstanding as of June 30, 2023.
- The company said it will file a notice of intention for NCIB with the TSX.
- The NCIB is expected to commence on August 21, 2023, or following receipt of applicable approvals by OSFI and the TSX, whichever is earlier.
- The NCIB will end 12 months after commencement, at the latest.
- Press Release .
For further details see:
Sun Life Financial plans to buy 17M shares as part of NCIB