Mr. Kyle Martens reports

IGM FINANCIAL INC. ANNOUNCES MAY 2023 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS

IGM Financial Inc. had preliminary total consolidated net outflows of $463-million during May, 2023, as shown in the table entitled "Gross and net flows." Total assets under management and advisement were $256.6-billion at May 31, 2023, compared with $263-billion at April 30, 2023, and $255.8-billion at May 31, 2022. Assets under management and advisement are shown in the table entitled "Assets under management and advisement."

May highlights

IGM Financial -- assets under management and advisement of $256.6-billion were down 2.4 per cent in the month. Total net outflows were $463-million compared with net outflows of $25-million in May, 2022. Investment fund net redemptions were $452-million compared with net redemptions of $385-million in May, 2022.

IG Wealth Management -- assets under advisement of $114.8-billion were down 2.1 per cent in the month. Total net outflows were $34-million compared with net inflows of $174-million in May, 2022.

Mackenzie -- assets under management of $190.2-billion were down 2.8 per cent in the month. Total net redemptions were $380-million compared with net redemptions of $267-million in May, 2022. Investment fund net redemptions were $366-million compared with net redemptions of $321-million in May, 2022.

About IGM Financial Inc.

IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $257-billion in total assets under management and advisement. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are carried out principally through IG Wealth Management, Mackenzie Investments and Investment Planning Counsel. IGM Financial is a member of the Power Corp. group of companies.