PR Newswire·May 26, 2026, 5:01 PM ET

Sun Life Receives Regulatory Approval of Normal Course Issuer Bid Renewal

Sun Life Financial Inc. received regulatory approval from OSFI & the TSX to renew its normal course issuer bid (NCIB) to purchase up to 10,000,000 common shares.
The approved share purchase limit represents approximately 1.8% of the 554,255,267 common shares issued & outstanding as of May 15, 2026.
The NCIB period runs from May 29, 2026, through May 28, 2027, subject to earlier termination by the Company.
Purchases may be executed at prevailing market rates on the TSX, NYSE, other Canadian exchanges, & alternative trading platforms.
Daily purchase limits are capped at 25% of average daily trading volume, specifically 502,034 shares on the TSX & a similar calculation for the NYSE.
The Company established an automatic repurchase plan with a designated broker to facilitate share purchases during internal trading blackout periods.
Any shares acquired under this NCIB will be either cancelled or utilized for equity-settled incentive arrangements.
Under the prior NCIB which expired May 21, 2026, the Company purchased 10,570,915 shares at a weighted average price of $83.33 per share.