Industrial Alliance Announces the Purchase of 218,000 Additional Shares of Clarington
As part of its take-over bid for Clarington Corporation ("Clarington"), Industrial Alliance Insurance and Financial Services Inc. ("Industrial Alliance") announced that today it purchased in the open market, through the Toronto Stock Exchange, 218,800 shares of Clarington, at different prices ranging from $14.93 to $15.05, for an average price of $14.9517 per share. This purchase increases the total number of shares of Clarington that Industrial Alliance owns to 881,500.
About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company that offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services. The fifth largest life and health insurance company in Canada, Industrial Alliance is at the head of a large financial group – the Industrial Alliance Group – which has operations across Canada as well as in the Northwestern United States. Industrial Alliance insures over 1.7 million Canadians, employs more than 2,600 people and manages and administers over $32 billion in assets. Industrial Alliance stock is listed on the Toronto Stock Exchange under the ticker symbol IAG. Industrial Alliance is among the 100 largest public companies in Canada.
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Vice-President, Investor Relations
Office phone: (418) 684-5275
Cell phone: (418) 576-3624