IGM Financial Inc.

IGM Financial Inc.

December 18, 2009 17:10 ET

IGM Financial Purchases One Million Common Shares for Cancellation Under Private Purchase

WINNIPEG, MANITOBA--(Marketwire - Dec. 18, 2009) - IGM Financial Inc. announced today that it has purchased for cancellation 1,000,000 (0.38% percent) of its currently outstanding common shares pursuant to a private agreement between the Company and an arm's-length third party seller (the "Private Purchase") for an aggregate purchase price of $39,093,933. The shares purchased for cancellation under the Private Purchase will be included in calculating the maximum number of common shares that the Company may purchase through its normal course issuer bid share repurchase program that was announced on March 18, 2009. The Private Purchase was made pursuant to an issuer bid exemption order issued by the Ontario Securities Commission.

IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, with over $118 billion as of November 30, 2009 in total assets under management. Its activities are carried out principally through Investors Group, Mackenzie Investments and Investment Planning Counsel. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.

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