QUEBEC
CITY, June 26, 2024 /CNW/ - Industrial Alliance
Insurance and Financial Services Inc. ("iA Insurance")
announced that it has sent today to all shareholders of its
Non-Cumulative Class A Preferred Shares Series B (TSX:
IAF.PR.B) (the "Series B Preferred Shares") a formal
notice and instructions for the redemption of the Series B
Preferred Shares outstanding as of today (the "Series B
Redemption"). Upon the Series B Redemption scheduled for
July 29, 2024, iA Insurance will pay to the holders of
the Series B Preferred Shares the redemption price consisting
of $25 plus an amount equal to the cash dividend in respect of
the third quarter, pro rated to the redemption date. There are
5,000,000 Series B Preferred Shares outstanding as of
today.
Separately from the redemption price, the regular second quarter
dividend of $0.2875 per Series B
Preferred Share will be paid in the usual manner on July 2, 2024 to preferred shareholders of record
on May 24, 2024. After the
Series B Preferred Shares are redeemed, holders of
Series B Preferred Shares will cease to be entitled to
distributions of dividends and will not be entitled to exercise any
rights as holders other than to receive the redemption price.
About iA Financial Group
iA Financial Group is one of the largest insurance and wealth
management groups in Canada, with
operations in the United States.
Founded in 1892, it is an important Canadian public company and is
listed on the Toronto Stock Exchange under the ticker
symbols IAG (common shares) and IAF (preferred shares).
To receive iA Financial Group news releases by email, you can
sign up for our newsletter on our website at ia.ca.
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iA Financial Group is a
business name and trademark of iA Financial Corporation Inc.
and Industrial Alliance Insurance and Financial Services
Inc.
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SOURCE iA Financial Group