By a News Reporter-Staff News Editor at Insurance Weekly News -- Sun Life Financial Inc. ("Sun Life Financial" or the "Company") (TSX: SLF) (NYSE: SLF) announced the conclusion of its previously announced third party share repurchase program (the "Program"). The Program was commenced pursuant to an issuer bid exemption order issued by the Ontario Securities Commission on February 12, 2018. The Program was terminated by the third party in accordance with its terms.
Sun Life Financial repurchased a total of 1,080,000 common shares under the Program directly from the third party for an aggregate purchase price of approximately $55.7 million. All common shares acquired under the Program were cancelled. The Program formed part of Sun Life Financial's normal course issuer bid, which continues until August 13, 2018, or such earlier date that the Company completes its purchases.
Keywords for this news article include: Business, Investing, Financial Companies, Sun Life Financial Inc, Life Insurance Companies.
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