IGM Financial Inc.

IGM Financial Inc.

March 22, 2010 17:26 ET

IGM Financial Purchases Common Shares for Cancellation Under Private Purchase

WINNIPEG, MANITOBA--(Marketwire - March 22, 2010) - IGM Financial Inc. (TSX:IGM) announced today that it has purchased for cancellation 500,000 (0.19% 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 $20,224,749. 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 $120 billion as of February 28, 2010 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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