iA Financial Group Announces the Issuance of a Redemption Notice to Holders of 3.30% Subordinated Debentures due September 15, 2028

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QUEBEC CITY,  Aug. 14, 2023 /CNW/ - Further to the approval of the Autorité des marchés financiers (Québec), Industrial Alliance Insurance and Financial Services Inc. ("iA Insurance") announces that it has sent today to all registered holders of its 3.30% Subordinated Debentures due September 15, 2028 (the "Debentures") a formal notice and instructions for the redemption of the Debentures. iA Insurance will redeem the Debentures, as of September 15, 2023, upon payment of a redemption amount of $1,016.50 for each $1,000 principal amount of Debentures, being equal to the aggregate of (i) $1,000 and (ii) all accrued and unpaid interest (the "Redemption Price"). The Redemption Price will be payable upon presentation and surrender of the Debentures called for redemption at Computershare Trust Company of Canada.

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).

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iA Financial Group is a tradename under which iA Financial Corporation Inc. operates and a trademark of Industrial Alliance Insurance and Financial Services Inc. used under license.

SOURCE iA Financial Group