Canadian Life Companies Split (LFE.TO) said Monday it received exchange approvals to renew a normal course issuer bid to repurchase and cancel up to 10% of its preferred shares and class A shares.
The NCIB allows the company to purchase up to 2.21-million preferred shares and 2.11-million class A shares.
The NCIB will begin on June 3 and run for 12 months.
Under the previous normal course issuer bid terminating on Monday, no preferred shares or class A shares were purchased, the company stated.
The company's shares were last seen down $0.06 to $7.59 on the Toronto Stock Exchange.
Price: $7.59, Change: $-0.06, Percent Change: -0.78%