QUEBEC CITY, April 11, 2019 /CNW Telbec/ - Further to the approval of the Autorité des marchés financiers (Québec), Industrial Alliance Insurance and Financial Services Inc. ("iA Insurance") announces that it has sent today to all registered holders of its 2.80% Subordinated Debentures due May 16, 2024 (the "Debentures") a formal notice and instructions for the redemption of the Debentures. iA Insurance will redeem the Debentures, as of May 16, 2019, upon payment of a redemption amount of $1,014 for each $1,000 principal amount of Debentures, being equal to the aggregate of (i) $1,000 and (ii) all accrued and unpaid interest (the "Redemption Price"). The Redemption Price will be payable upon presentation and surrender of the Debentures called for redemption at Computershare Trust Company of Canada.
About iA Financial Group
iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is one of Canada's largest public companies and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares) and IAF (preferred shares).
SOURCE Industrial Alliance Insurance and Financial Services Inc.
For further information: Investor Relations: Marie-Annick Bonneau, Phone (office): 418-684-5000, ext. 104287, Email: [email protected]; Public Relations: Pierre Picard, Phone (office): 418-684-5000, ext. 101660, Email: [email protected]