Sun Life Financial Inc. (TSX:SLF) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 15,000,000 shares, representing 2.59% of its issued and outstanding share capital. The purpose of the repurchase program is to to return capital to shareholders as part of company's overall capital management strategy.

The bid is subject to approval from office of the superintendent of financial institutions ('OSFI') and the Toronto Stock Exchange(TSX). The repurchased shares will be cancelled or used in connection with certain equity settled incentive arrangements. The plan will be valid for 12 months after the commencement of the NCIB.

As on June 30, 2024, the company had 578,405,077 shares in issue and outstanding.