05:33 PM EDT, 06/04/2025 (MT Newswires) -- Sun Life Financial Inc. ( SLF ) was at last look up 1% in US after hours trade Wednesday as it said the Office of the Superintendent of Financial Institutions and the Toronto Stock Exchange approved the company's previously announced early renewal of its normal-course issuer bid.

Under the company's renewed normal course issuer bid, Sun Life will be permitted to purchase up to 10.57-million shares, being equal to the remaining 0.57-million shares it has not repurchased under the 2024 NCIB plus an additional 10-million shares. The 2025 NCIB will start on June 9 and continue until May 21, 2026 or such earlier date as Sun Life determines.

Sun Life said the 2025 NCIB will provide it with the flexibility to acquire common shares in order to return capital to shareholders as part of its overall capital management strategy.

The company's shares closed down $0.37 to $88.68 on the Toronto Stock Exchange.