QUEBEC CITY, July 2, 2013 /CNW Telbec/ - Industrial Alliance Capital
Trust (the "Trust"), a subsidiary of Industrial Alliance Insurance and
Financial Services Inc. ("Industrial Alliance"), today announces that,
effective June 30, 2013, it has completed the redemption of all the
outstanding Industrial Alliance Trust Securities - Series A ("IATS")
with a nominal value of $150 million in accordance with the terms of
the Amended and Restated Declaration of Trust dated as of July 4, 2003
(the "Declaration of Trust").
The holders of the IATS are not entitled to further distributions of
indicated yields or any other distribution, pursuant to the Declaration
of Trust or otherwise, and the holders of IATS will not be entitled to
exercise any rights in respect of the IATS.
About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services
Inc. is a life and health insurance company with operations in all
regions of Canada as well as in the United States. The Company offers a
wide range of life and health insurance products, savings and
retirement plans, RRSPs, mutual and segregated funds, securities, auto
and home insurance, mortgage loans and other financial products and
services for both individuals and groups. The fourth largest life and
health insurance company in Canada, Industrial Alliance contributes to
the financial wellbeing of over three million Canadians, employs 4,300
people and has assets under management and administration of more than
$87 billion. Industrial Alliance stock is listed on the Toronto Stock
Exchange under the ticker symbol IAG.
SOURCE: INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC.
For further information:
Office: 418 780-5945