IGM Financial Inc. Announces $400 Million Offering of Debentures

• IGM Financial Inc. announced a $400 million private placement offering of debentures on May 26, 2026.
• Proceeds are designated to redeem all outstanding $400 million 3.44% debentures due January 26, 2027.
• The new offering consists of two series: Series 1 matures June 2, 2036 at 4.407%, and Series 2 matures June 2, 2056 at 5.002%.
• Closing date is expected on or about June 2, 2026.
• This follows a period of strong operational performance including Q1 2026 earnings with record AUM&A and net inflows reported in early May 2026.

• The debt refinancing replaces maturing short-term debt (Jan 2027) with long-term capital (2036/2056), reducing near-term liquidity risk.
• Interest costs increase slightly from 3.44% to an average of approximately 4.7%, which will marginally reduce net income but is manageable given the company's strong earnings growth.
• The transaction does not alter the core business model or strategic direction, as it is a standard capital structure maintenance activity.
• Given the company's record AUM and earnings momentum, this financing is viewed as routine housekeeping rather than a fundamental shift in risk profile.

• IGM Financial Inc. is a leading Canadian financial services company operating through two main segments: IG Wealth Management and Mackenzie Investments.
• Flagship Project/Segment: IG Wealth Management manages approximately $162.6 billion in assets under advisement (as of Q1 2026), serving retail and institutional clients.
• Mackenzie Investments manages approximately $246.0 billion in AUM, focusing on mutual funds, ETFs, and institutional mandates.
• The company has a diversified revenue stream including management fees, advisory fees, and fair value gains from strategic investments like Wealthsimple and Rockefeller Capital Management.