Industrial Alliance Announces the Closing of its Offering of Common Shares

/Not for distribution to U.S. newswire services or for dissemination in the United States./

QUEBEC CITY, Dec. 14, 2016 /CNW Telbec/ - Industrial Alliance Insurance and Financial Services Inc. ("Industrial Alliance" or "iA Financial Group")(TSX: IAG) announces today that it has closed its previously announced bought deal public offering of 2,500,000 common shares (the "Common Shares") at a price of $55.65 per Common Share, for gross proceeds of $139,125,000, purchased by a syndicate of underwriters led by TD Securities Inc. and including Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Industrial Alliance Securities Inc. and National Bank Financial Inc.

The Common Shares were issued under a prospectus supplement dated December 7, 2016 to the short form base shelf prospectus of Industrial Alliance dated April 16, 2015. Details of the offering are set out in the prospectus supplement which is available on Industrial Alliance's profile on SEDAR at www.sedar.com.

Notice
This news release is not an offer of securities for sale in the United States and is not an offer to sell or solicitation of an offer to buy any securities of Industrial Alliance, nor shall it form the basis of, or be relied upon in connection with any contract for purchase or subscription. These securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or pursuant to an applicable exemption therefrom.

About iA Financial Group
Founded in 1892, iA Financial Group offers life and health insurance products, mutual and segregated funds, savings and retirement plans, securities, auto and home insurance, mortgages and car loans and other financial products and services for both individuals and groups. It is one of the four largest life and health insurance companies in Canada and one of the largest publicly-traded companies in the country. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.

 

SOURCE Industrial Alliance Insurance and Financial Services Inc.

For further information: Investor Relations: Grace Pollock, Office: 418 780-5945, Email: grace.pollock@ia.ca; Public Relations: Pierre Picard, Office: 418-684‐5000, ext. 1660, Email: pierre.picard@ia.ca

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