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Industrial Alliance Announces the Payment of a Dividend of Its Common and Preferred Shares - May 2018 | iA Financial Group

Quebec City,

News Release

The Board of Directors of Industrial Alliance Insurance and Financial Services Inc. (“iA Financial Group”) (TSX: IAG) announced today the payment of a quarterly dividend of $0.38 per outstanding common share for the quarter ended March 31, 2018. This dividend will be payable on June 15, 2018, to all common shareholders of record at the close of business on May 25, 2018.

Industrial Alliance reminds common shareholders who wish to enrol in the company’s Dividend Reinvestment and Share Purchase Plan (“DRIP”) that they must do so no later than 4:00 p.m. on May 17, 2018, in order to reinvest the next dividend. To enrol, go to the company’s website at ia.ca, under About iA, in the Investor Relations/Dividends section. Please note that the common shares issued under the DRIP will be purchased on the secondary market and that no discount will apply.

Industrial Alliance also announced today:

  • The payment of a dividend of $0.2875 per Non-Cumulative Class A Preferred Share – Series B. This dividend is payable in cash on July 3, 2018, to preferred shareholders of record at June 4, 2018.
  • The payment of a dividend of $0.2360625 per Non-Cumulative Class A Preferred Share – Series G. This dividend is payable in cash on July 3, 2018, to preferred shareholders of record at June 4, 2018.
  • The payment of a dividend of $0.3781 per Non-Cumulative Class A Preferred Share – Series I. This dividend is payable in cash on July 3, 2018, to preferred shareholders of record at June 4, 2018.

For the purposes of the Income Tax Act (Canada) and any corresponding provincial or territorial tax legislation, all dividends paid by the company on its common and preferred shares are considered to be eligible dividends.