IGM Financial Inc.

IGM Financial Inc.

November 30, 2009 09:31 ET

IGM Financial Announces Redemption of First Preferred Shares, Series A

WINNIPEG, MANITOBA--(Marketwire - Nov. 30, 2009) - IGM Financial Inc. (IGM) (TSX:IGM) announced today that it intends to redeem all $360 million of its outstanding 5.75% First Preferred Shares, Series A on December 31, 2009

Consistent with the terms of the original offering document, the redemption price will be $26.00 for each First Preferred Share, Series A plus an amount equal to all declared and unpaid dividends, net of any tax required to be withheld by the Corporation.

A notice of the redemption of the First Preferred Shares, Series A will be sent in accordance with the rights, privileges, restrictions and conditions attached to the First Preferred Shares, Series A.

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 $116 billion as of October 31, 2009 in total assets under management. Its activities are carried out principally through Investors Group, Mackenzie Financial Corporation and Investment Planning Counsel. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.

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