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Stock impact report

Sun Life takes full control of two alternatives managers in $2.4 billion push [Wealth Professional (Canada)]

Sun Life Financial Inc. (SLF) 
Last sun life financial inc. earnings: 2/12 05:01 pm Check Earnings Report
Sun Life is taking full ownership of two alternative managers that have lifted fee revenue, earnings and AUM since 2021. Sun Life Financial Inc. has completed the acquisition of the remaining equity interests in BGO and Crescent Capital Group that it did not already own. Before the deal, Sun Life already held majority stakes in both firms. According to Sun Life, the insurer paid $1.59bn for the remaining 44 percent interest in BGO and $829m for the remaining 49 percent stake in Crescent. The press release said the payments settle the outstanding put liability on Sun Life's financial statements and were funded through debt issuances in 2025 in anticipation of the transactions. The transactions will result in an approximate $236m charge to Sun Life's Q1 2026 reported net income and a net reduction in equity of $85m as of March 31. Reuters also reported that the company said the deals will lead to a roughly $236m charge to first-quarter reported net income. Sun Life said a Show less Read more
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