BuybackMay 27, 2026, 06:07 AM
Sun Life Renews Normal Course Issuer Bid for 2026-2027
AI Summary
Sun Life Financial Inc. announced the renewal of its Normal Course Issuer Bid (NCIB), effective May 29, 2026, until May 28, 2027, as part of its capital management strategy. The company may purchase up to 25% of the average daily trading volume on the TSX and NYSE. An automatic repurchase plan has been established to facilitate purchases during internal trading blackout periods. Sun Life also completed its prior NCIB, having repurchased 10,570,915 common shares at a weighted average price of $83.33.
Key Highlights
- New Normal Course Issuer Bid (NCIB) commences May 29, 2026, and expires May 28, 2027.
- TSX average daily trading volume for six months ending April 30, 2026, was 2,008,137 common shares.
- Daily TSX purchases are limited to 502,034 common shares (25% of ADTV).
- Purchases can be made on TSX, NYSE, and other Canadian/U.S. trading platforms.
- An automatic repurchase plan has been established to facilitate purchases.
- Prior NCIB completed, with 10,570,915 common shares purchased as of May 15, 2026.
- Shares under prior NCIB were purchased at a weighted average price of $83.33 per share.
Price Impact
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