TORONTO, Feb. 28, 2018 /CNW/ - Sun Life Financial Inc.
("Sun Life Financial" or the "Company") (TSX: SLF) (NYSE: SLF) today 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.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing insurance, wealth and asset management
solutions to individual and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including
Canada, the United States, the United
Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia,
India, China, Australia,
Singapore, Vietnam, Malaysia
and Bermuda. As of December 31, 2017, Sun Life Financial had total assets under management of
$975 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Note to editors: All figures in Canadian dollars
Media Relations Contact:
Irene Poon
Manager, Media & PR
Corporate Communications
T. 647-256-2596
irene.poon@sunlife.com
Investor Relations Contact:
Greg Dilworth
Vice-President
Investor Relations
T. 416-979-6230
investor.relations@sunlife.com
SOURCE Sun Life Financial Inc.
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