iA Financial Group Announces Offering of $500 million of 4.158% Fixed/Floating Unsecured Subordinated Debentures

About this update from Ia Financial Corporation Inc.

The shelf prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents will be accessible through SEDAR+ within two business days. Not for distribution to U.S. newswire services or for dissemination in the United States. QUEBEC CITY, May 22, 2026--(BUSINESS WIRE)--iA Financial Group (the "Company") announced today an offering of $500 million aggregate principal amount of 4.158% fixed/floating unsecured subordinated debentures (the "Debentures") due May 26, 2036 (the "Offering"). The Offering is expected to close on or about May 26, 2026. The Company intends to use the net proceeds from the sale of the Debentures for general corporate purposes, which may include investments in subsidiaries and repayment of indebtedness. The Debentures will mature on May 26, 2036. Interest on the Debentures at the rate of 4.158% per annum will be payable in arrears in equal semi-annual installments on May 26 and November 26, in each year, commencing on November 26, 2026 and continuing until May 26, 2031. From May 26, 2031, interest on the Debentures will be payable at a rate per annum equal to Daily Compounded CORRA plus 1.15% payable quarterly in arrears on the 26th day of each of February, May, August and November in each year, commencing on August 26, 2031. The Offering is being done on a best efforts agency basis by a syndicate of agents led by RBC Capital Markets, BMO Capital Markets and CIBC Capital Markets, as co-leads and bookrunners, and including, National Bank Financial Markets, Scotiabank, TD Securities, iA Private Wealth Inc., Casgrain & Company Limited and UBS Investment Bank. The Debentures will be offered in each of the provinces of Canada under a shelf prospectus supplement (the "Prospectus Supplement") to the Company’s short form base shelf prospectus dated May 12, 2026 (the "Shelf Prospectus"). Access to the Prospectus Supplement, the Shelf Prospectus and any amendments to the documents is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to the documents. The Shelf Prospectus is, and the Prospectus Supplement will be (within two business days), accessible on SEDAR+ at www.sedarplus.com. An electronic or paper copy of the Prospectus Supplement, th...

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