Sun Life Financial (TSE:SLF) has released an update.
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Sun Life Financial Inc. has announced plans to renew its normal course issuer bid (NCIB), aiming to purchase up to 15 million common shares, which equates to about 2.6% of its total outstanding shares. The move is part of Sun Life’s capital management strategy to return value to shareholders and is awaiting regulatory approval. The NCIB is set to begin on August 29, 2024, and will allow the company to buy back shares from the market over a 12-month period.
For further insights into TSE:SLF stock, check out TipRanks’ Stock Analysis page.
