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Sun Life Financial closes 3rd-party share repurchase program

Sun Life Financial Inc. concluded a third-party share repurchase program that was commenced pursuant to an issuer bid exemption order issued by the Ontario Securities Commission.

The program was terminated by the third party in accordance with its terms. Under the program, Sun Life repurchased a total of 1,080,000 common shares directly from the third party for an aggregate purchase price of approximately C$55.7 million. All common shares acquired under the program were canceled.

The program formed part of Sun Life's normal course issuer bid, which continues until Aug. 13, or such earlier date that the company completes its purchases.