(September 28 – 13:30 ET) –
Sun Life Assurance Co.
of Canada’s board today unanimously
approved a plan to demutualize the
company, which it said should be
publicly traded by April 2000.

An information circular will be
sent to eligible policyholders in
late October and a special meeting
was set for Dec.15 to vote on the
plan.

If approved by policyholders and
regulators, the new shares are
expected to be listed on the
Toronto, New York, London and
Philippine stock exchanges.

IE Staff

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