iA Financial Group Finalizes C$400M Institutional Preferred Shares Offering

On June 23, 2025, iA Financial Corporation Inc. completed its offering of C$400 million of 6.435% Non-Cumulative 5-Year Rate Reset Class A Preferred Shares Series C (the “Preferred Shares”). The Preferred Shares were sold to institutional investors by a syndicate of agents co-led by RBC Capital Markets, National Bank Financial Markets and TD Securities and included, BMO Capital Markets, CIBC Capital Markets, Scotiabank, iA Private Wealth Inc., Casgrain & Company Limited and UBS Investment Bank.

iA Financial Group, headquartered in Quebec, is one of Canada's largest insurance and wealth management groups, with operations in the United States.

McCarthy Tétrault advised the syndicate of agents with a team led by Andrew Parker and Charles-Antoine Soulière that included Suzie Cusson, Britney Schyf, Charles Morin (Business), Kabir Jamal and Michel Ranger (Tax).