Insurer announces preferred share offering
Insurer hikes dividend 9%
Sun Life unit to pay investors US$50 million
Sun Life Financial Inc. plans to buy back 29.6 million or about 5% of its common shares in the coming year, the company announced Thursday. In 2004, Sun Life repurchased 10 million shares at an average price of $37.93 each. The company said its 2005 buyback program will start Jan. 12 and continue until Jan. […]
Will match donations from employees and advisors
Businesses transferred to new subsidiary
Insurer plans to grow business in Canada, U.S. and Asia
Move comes in response to new OSFI capital rules
Follows announcement of corporate reorganization
Rising C$ costs insurer $32 million over nine months