iA Financial Group Completes the Redemption of its 3.30% Subordinated Debentures due September 15, 2028

Industrial Alliance Insurance and Financial Services Inc. announced today that it has completed the previously announced redemption of its 3.30% Subordinated Debentures due September 15, 2028 (the “Debentures”) pursuant to the notice of redemption sent to registered holders of Debentures on August 14, 2023. These debentures represent a principal amount of $400 million. Industrial Alliance Insurance and Financial Services Inc. has paid a redemption amount of $1,016.50 for each $1,000 principal amount of Debentures, being equal to the aggregate of (i) $1,000 and (ii) all accrued and unpaid interest.