/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES./
WINNIPEG, July 11, 2018 /CNW/ - IGM Financial Inc. (TSX:
IGM) ("IGM Financial") announced today that it has completed its previously announced offering of $200
million principal amount of 4.174% debentures due July 13, 2048.
The debentures were offered through a group of agents led by BMO Capital Markets and RBC Capital Markets.
As previously indicated, the net proceeds of the offering will be used by IGM Financial, together with a portion of IGM
Financial's existing internal cash resources, to fund the intended redemption of all of its $375
million aggregate principal amount of 7.35% debentures due April 8, 2019 (the "2019
Debentures"). IGM Financial is issuing a notice today to redeem the 2019 Debentures on or about August 10, 2018. The 2019 Debentures will be redeemed for consideration determined in accordance with their
terms.
The debentures offered have not been and will not be registered under the Securities Act of 1933 of the United States of America, as amended (the "U.S. Securities Act") or any state securities laws. These
securities may not be offered, sold or delivered in the United States or to or for the benefit
of U.S. Persons (as defined in Regulation S under the U.S. Securities Act) and this News Release does not constitute an offer to
sell or a solicitation of an offer to buy the debentures within the United States.
IGM Financial is one of Canada's premier personal financial services companies, and one of
the country's largest managers and distributors of mutual funds and other managed asset products, with over $159 billion in total assets under management as of June 30, 2018. Its
activities are carried out principally through Investors Group, Mackenzie Investments and Investment Planning Counsel.
A MEMBER OF THE POWER FINANCIAL CORPORATION GROUP OF COMPANIES.
Forward Looking Statements
Certain statements in this News Release, other than statements of historical fact, are forward ‐ looking
statements based on certain assumptions and reflect IGM Financial's and its subsidiaries' current expectations. Forward
‐ looking statements are provided to assist the reader in understanding IGM Financial's financial position and results
of operations as at and for the periods ended on certain dates and to present information about management's current expectations
and plans relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. These
statements may include, without limitation, statements regarding the operations, business, financial condition, expected
financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook
of IGM Financial and its subsidiaries, the intended redemption of the 2019 Debentures (as defined above), as well as the outlook
for North American and international economies, for the current fiscal year and subsequent periods. Forward ‐
looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or
include words such as "expects", "anticipates", "plans", "believes", "estimates", "seeks", "intends", "targets",
"projects", "forecasts" or negative versions thereof and other similar expressions, or future or conditional verbs such as "may",
"will", "should", "would" and "could".
This information is based upon certain material factors or assumptions that were applied in drawing a conclusion or making
a forecast or projection as reflected in the forward ‐ looking statements, including the perception of historical
trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the
circumstances. While IGM Financial considers these assumptions to be reasonable based on information currently
available to management, they may prove to be incorrect.
By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which
give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate,
that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved.
A variety of material factors, many of which are beyond IGM Financial's and its subsidiaries' control, affect the
operations, performance and results of IGM Financial, and its subsidiaries, and their businesses, and could cause actual results
to differ materially from current expectations of estimated or anticipated events or results. These factors include, but are not
limited to: the impact or unanticipated impact of general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets,
management of market liquidity and funding risks, changes in accounting policies and methods used to report financial condition
(including uncertainties associated with critical accounting assumptions and estimates), the effect of applying future accounting
changes, operational and reputational risks, business competition, technological change, changes in government regulations and
legislation, changes in tax laws, unexpected judicial or regulatory proceedings, catastrophic events, IGM Financial's and its
subsidiaries' ability to complete strategic transactions, integrate acquisitions and implement other growth strategies, and IGM
Financial's and its subsidiaries' success in anticipating and managing the foregoing factors.
The reader is cautioned that the foregoing list of factors is not exhaustive of the factors that may affect any of IGM
Financial's forward ‐ looking statements. The reader is also cautioned to consider these and other factors,
uncertainties and potential events carefully and not place undue reliance on forward ‐ looking statements.
Other than as specifically required by applicable Canadian law, IGM Financial undertakes no obligation to update any
forward ‐ looking statements to reflect events or circumstances after the date on which such statements are made,
or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or
results, or otherwise.
Additional information about the risks and uncertainties of IGM Financial's business and material factors or assumptions on
which information contained in forward ‐ looking statements is based is provided in its disclosure materials filed
with the securities regulatory authorities in Canada, available at www.sedar.com .
SOURCE IGM Financial Inc.
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