(April 3 – 11:10 ET) – Sun Life Financial Services of Canada Inc. says its underwriters have exercised their over-allotment options, acquiring another 21.5 million shares.

The firm says the additional $258.5 million will be used for general corporate purposes. The additional issue makes the total outstanding number of common shares 421.7 million.

The deal utilized a large syndicate, led by Morgan Stanley & Co. Inc. and RBC Dominion Securities Inc. It closed March 29.

Sun Life Financial is listed on the Toronto, New York, London and Phillipine stock exchanges.
-IE Staff