Sunlight Financial Holdings Inc. (NYSE:SUNL) announces a share repurchase program. Under the program, the company will repurchase up to $50 million of its Class A common stock. The purpose of the share repurchase program is to maximize long-term shareholder return through efficient allocation of capital.

Sunlight intends to fund the share repurchases through a combination of cash on hand and future cash flow from operations. The program is valid for 18 months.