iA Financial Group Completes Offering of $400 million of Institutional Preferred Shares

Not for distribution to U.S. newswire services or for dissemination in the United States.

QUEBEC CITY--(BUSINESS WIRE)--iA Financial Corporation Inc. (TSX: IAG) (the “Company”) announced today the completion of its previously announced offering (the “Offering”) of $400 million of 6.435% Non-Cumulative 5-Year Rate Reset Class A Preferred Shares Series C (the “Preferred Shares”).

The Preferred Shares have been assigned a rating of “Pfd-2” with a Stable trend by Morningstar DBRS (DBRS Limited) and a rating of “BBB+/P-2(High)” by S&P Global Ratings, a division of S&P Global, Inc.

The Preferred Shares were sold to institutional investors on a best-efforts agency basis by a syndicate of agents co-led by RBC Capital Markets, National Bank Financial Markets and TD Securities.

The Offering was made under the Company’s short form base shelf prospectus dated April 25, 2024. Complete details of the Offering are set out in the prospectus supplement dated June 16, 2025, which is available on SEDAR+ at www.sedarplus.com and on the Company’s website at www.ia.ca.

Notice

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful.

The Preferred Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States of America, and may not be offered, sold or delivered, directly or indirectly, within the United States, its territories, its possessions and other areas subject to its jurisdiction or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act), except in certain transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within the United States.

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).

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iA Financial Group is a business name and trademark of iA Financial Corporation Inc.