An anonymous director reports

IA FINANCIAL CORPORATION INC. ANNOUNCES THE PAYMENT OF A DIVIDEND ON ITS COMMON SHARES AND INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC. ANNOUNCES THE PAYMENT OF A DIVIDEND ON ITS PREFERRED SHARES

iA Financial Corp. Inc. will pay a quarterly dividend of 76.50 cents per outstanding common share for the quarter ended Sept. 30, 2023. This dividend will be payable on Dec. 15, 2023, to all common shareholders of record at the close of business on Nov. 17, 2023.

iA Financial reminds common shareholders who wish to enroll in iA Financial's dividend reinvestment and share purchase plan (DRIP) that they must do so no later than 4 p.m. on Nov. 10, 2023, in order to reinvest the next dividend. To enroll, go to the company's website, under "About iA," in the Investor Relations/Dividends section. Please note that the common shares issued under the DRIP will be purchased on the secondary market and that no discount will apply.

In addition, the board of directors of Industrial Alliance Insurance and Financial Services Inc. (TSX: IAF) announced today the payment of a dividend of 28.75 cents per non-cumulative Class A preferred share -- Series B. This dividend is payable in cash on Jan. 3, 2024, to preferred shareholders of record at Nov. 17, 2023.

For the purposes of the Income Tax Act (Canada) and any corresponding provincial or territorial tax legislation, all dividends paid by iA Financial on its common shares and by Industrial Alliance Insurance and Financial Services Inc. on its preferred shares are eligible dividends.

About iA Financial Corp. Inc.

iA Financial 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.