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Industrial Alliance Announces the Payment of a Dividend on Its Common and Preferred Shares

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 $0.4150 per outstanding common share for the quarter ended September 30, 2018. This dividend will be payable on December 17, 2018, to all common shareholders of record at the close of business on November 23, 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 November 16, 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 December 31, 2018, to preferred shareholders of record at November 30, 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 December 31, 2018, to preferred shareholders of record at November 30, 2018.
  • The payment of a dividend of $0.3000 per Non-Cumulative Class A Preferred Share – Series I. This dividend is payable in cash on December 31, 2018, to preferred shareholders of record at November 30, 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.