Ms. Nini Krishnappa reports

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

IGM Financial Inc. had preliminary total consolidated net inflows of $119-million during June, 2023, as shown in the attached table. Total assets under management and advisement were $261.1-billion at June 30, 2023, compared with $256.6-billion at May 31, 2023, and $242.1-billion at June 30, 2022. Assets under management and advisement are shown in the second attached table.

June highlights

IGM Financial -- Assets under management and advisement of $261.1-billion were up 1.7 per cent in the month. Total net inflows were $119-million compared with net outflows of $389-million in June, 2022. Investment fund net redemptions were $331-million compared with net redemptions of $519-million in June, 2022.

IG Wealth Management -- Assets under advisement of $116.8-billion were up 1.7 per cent in the month. Total net outflows were $138-million compared with net inflows of $174-million in June, 2022.

Mackenzie -- Assets under management of $193.3-billion were up 1.6 per cent in the month. Total net sales were $283-million compared with net redemptions of $623-million in June, 2022. Investment fund net redemptions were $162-million compared with net redemptions of $447-million in June, 2022.

About IGM Financial Inc.

IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $261-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.