iA Financial Group Redeems Non-Cumulative Class A Preferred Shares Series B

Industrial Alliance Insurance and Financial Services Inc. (“iA Insurance”) announces that it has completed today the redemption of all of its issued and outstanding Non-Cumulative Class A Preferred Shares Series B (TSX: IAF.PR.B) (the “Series B Preferred Shares”). iA Insurance has paid to the holders of the Series B Preferred Shares the redemption price of $25 and an amount of $0.090625, being an amount equal to the cash dividend in respect of the third quarter, pro rated to the redemption date, representing a total redemption price of $25.090625 per Series B Preferred Share.