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iA Financial Group Enters into Arrangement Agreement and Board of Directors Recommends New Holding Company Structure to Shareholders


News Release

Industrial Alliance Insurance and Financial Services Inc. ("IA Financial Group" or the “Company”) announced today that, following its February 5, 2018 announcement of its intention to create a holding company, it has entered into an arrangement agreement (the “Arrangement Agreement”) with a newly created entity, iA Financial Corporation Inc. (“iAFC”), and that its Board of Directors is unanimously recommending that common shareholders vote in favour of a plan of arrangement (the “Plan of Arrangement”) that, upon completion, would result in iAFC becoming a holding company as well as the parent corporation of the Company.

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