Sun Life Launches $5 Bln Infrastructure Commitment
(RTTNews) - Canadian insurer Sun Life Financial Inc. (SLF,SLF.TO), announced on Friday that it will commit $5 billion over five years to investments in Canadian infrastructure, aiming to support economic growth and resilience while delivering long-term returns.
The initiative will direct capital toward projects in digital technology, energy, and transportation.
Sun Life said $1.5 billion will be deployed into Canadian infrastructure equity through SLC Management and InfraRed Capital Partners, subject to regulatory amendments allowing insurers to make equity investments.
On the NYSE, shares of Sun Life are currently losing 0.25 percent, changing hands at $79.36.
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