iA Financial Group cautions investors regarding Ocehan LLC "mini-tender" offer at a significant discount to market price

Executive Summary

• Ocehan LLC has submitted an unsolicited mini‑tender offer to purchase up to 50,000 iA Financial Group common shares (≈0.05% of outstanding) at $123.50 per share, totaling less than $7 million.
• The proposed price reflects a ~24.2% discount to the closing TSX price on November 5, 2025, prompting iA Financial Group to caution shareholders about the offer’s low valuation and regulatory concerns surrounding mini‑tenders.
• iA Financial Group disclaims any association with Ocehan, advises shareholders to review the offer documents carefully, and recommends consulting investment advisors before making any decision.

Key Details

• Offer Size: Up to 50,000 common shares (≈0.05% of total outstanding).
• Offer Price: $123.50 per share.
• Aggregate Purchase Price: < $7 million.
• Discount: Approximately 24.16% below the TSX closing price on 2025‑11‑05.
• Regulatory Context: Mini‑tender offers often avoid full disclosure requirements; Canadian securities regulators have expressed concerns about investor protection in such transactions (CSA Staff Notice 61‑301).
• Shareholder Actions: Existing tendered shareholders may withdraw their shares per Ocehan’s offer documents.
• Company Position: iA Financial Group is not affiliated with Ocelan, does not endorse the offer, and urges shareholders to evaluate the price relative to market value and seek professional advice.
• Transfer Agent Contact: Computershare – email [email protected]; toll‑free 1 877 684‑5000 or 514 982‑7555 for share account services.

Notable Quotes

“iA Financial Group cautions shareholders that this offer was made at a price that is significantly lower than recent market prices… Investors should carefully review the offer documents and consult their investment advisors.” – iA Financial Group Investor Relations.