iA Financial Group Completes the Redemption of its 2.64% Subordinated Debentures due February 23, 2027

QUEBEC CITY, Feb. 23, 2022 /CNW Telbec/ - Industrial Alliance Insurance and Financial Services Inc. today announced that it has completed the previously announced redemption of its 2.64% Subordinated Debentures due February 23 2027 (the "Debentures") pursuant to the notice of redemption sent to registered holders of Debentures on January 20, 2022. These debentures represent a principal amount of $250 million. Industrial Alliance Insurance and Financial Services Inc. has paid a redemption amount of $1,013.20 for each $1,000 principal amount of Debentures, being equal to the aggregate of (i) $1,000 and (ii) all accrued and unpaid interest.

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 an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares) and IAF (preferred shares).

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iA Financial Group is a business name and trademark of iA Financial Corporation Inc. and Industrial Alliance Insurance and Financial Services Inc.

SOURCE iA Financial Group

Investor Relations: Marie-Annick Bonneau, Office phone: [phone], ext. 104287, Email: [email protected]; Public Relations: Pierre Picard, Office phone: 418-684‐5000, ext. 101660, Email: [email protected]