IGM FINANCIAL INC. ANNOUNCES MAY 2026 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS

• IGM Financial Inc. reported record total assets under management and advisement (AUM&A) of $337.9 billion as of May 31, 2026, representing a 21.2% year-over-year increase and a 3.7% month-over-month rise.
• Total consolidated net inflows for May 2026 reached $857 million, significantly outperforming the $190 million recorded in May 2025.
• IG Wealth Management reported $173.7 billion in assets under advisement with $226 million in net inflows, driven by $1.5 billion in gross inflows.
• Mackenzie Investments reported $265.0 billion in assets under management with $631.1 million in net sales, heavily supported by $690.6 million in institutional SMA net sales and $136.6 million in ETF net creations.
• The company successfully completed a $400 million private placement debenture offering on June 2, 2026, consisting of two tranches maturing in 2036 (4.407%) and 2056 (5.002%). Proceeds will fully redeem the $400 million of 3.44% debentures due in January 2027.
• Strategic activity includes a $150 million joint investment in the Sagard AI Fund with Power Corporation and Great-West Lifeco, and ongoing portfolio manager reassignments across Mackenzie's quantitative and sustainable fund suites.

• The May 2026 flow report confirms the strong momentum established in Q1 2026, where record adjusted EPS of $1.21 and $5.6 billion in quarterly net inflows were reported.
• The $857 million in monthly net inflows is a positive operational metric, but it is largely driven by institutional mandate reallocations ($1.4 billion onboarded, $0.7 billion reassigned) and ETF creations rather than broad-based retail wealth accumulation. This makes the growth somewhat concentrated and sensitive to institutional allocation shifts.
• The $400 million debt refinancing is a standard corporate action that extends maturity profiles but increases the blended interest rate from 3.44% to approximately 4.7%. While this slightly increases annual interest expense, it eliminates near-term refinancing risk and aligns debt maturity with long-term asset growth.
• The news is incremental and aligns with the company's stated strategy of growing institutional SMA and ETF offerings. It does not introduce new revenue streams, change the competitive landscape, or materially alter the valuation thesis.
• Given the stock is trading near its 52-week high ($80.17) and the news is a standard monthly operational update, the market impact is expected to be muted.

• IGM Financial Inc. is a leading Canadian wealth and asset management company operating through two primary segments: IG Wealth Management (retail and advisor network) and Mackenzie Investments (institutional and retail asset management).
• The company also holds significant strategic investments in high-growth fintech and wealth management platforms, notably Wealthsimple (25.5% stake), Rockefeller Capital Management, ChinaAMC, and Great West Lifeco.
• Flagship project: The integrated wealth management platform that combines IG Wealth Management's extensive advisor network with Mackenzie Investments' institutional-grade asset management capabilities. This synergy allows IGM to capture fees across the entire client lifecycle, from retail advice to sophisticated institutional portfolio construction.
• Recent strategic shifts include expanding the ETF lineup, launching quantitative equity strategies, and partnering with SEI to access U.S. institutional markets via Collective Investment Trusts.