IGM Financial Inc.-Announces Repurchase of One Million Shares Through Private Agreements

WINNIPEG, MANITOBA--(Marketwire - Jan. 10, 2011) - IGM Financial Inc. (TSX:IGM) announced today that it has completed purchases for cancellation of one million of its common shares pursuant to private agreements between IGM Financial Inc. and an arm's-length third-party seller. The purchases form part of IGM Financial Inc.'s normal course issuer bid announced on April 7, 2010.

These purchases were made pursuant to a previously announced issuer bid exemption order issued by the Ontario Securities Commission on December 14, 2010, and were made at a discount to the prevailing market price of IGM Financial Inc.'s common shares on the Toronto Stock Exchange at the time of each purchase.

Including these purchases, IGM Financial Inc. has purchased an aggregate of 2,650,000 common shares through exempted private agreements under its current normal course issuer bid, representing approximately 20 per cent of the 13,121,380 common shares which may be purchased under the bid.

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 $130 billion 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.