07:37 AM EDT, 05/29/2024 (MT Newswires) -- Definity Financial Corporation ( DFYFF ) , which lost 2.4% yesterday, on Wednesday said it has received Toronto Stock Exchange approval to renew its normal course issuer bid (NCIB).

Beginning May 31, the company can purchase up to 3.5 million of its common shares for one year. Definity may also purchase its common shares from the Healthcare of Ontario Pension Plan (HOOPP) in order to maintain HOOPP's shareholding percentage at or below 19.9%. The maximum number of shares that may be purchased under the NCIB will be reduced by the number of shares purchased from HOOPP.

Definity did not buy back any shares during its current NCIB that expires on Thursday.