Mr. Kyle Martens reports

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

IGM Financial Inc. had preliminary total consolidated net outflows of $307-million during August, 2023, as shown herein. Total assets under management and advisement were $261.7-billion at Aug. 31, 2023, compared with $263.9-billion at July 31, 2023, and $247.2-billion at Aug. 31, 2022.

August highlights

IGM Financial -- assets under management and advisement of $261.7-billion were down 0.8 per cent in the month. Total net outflows were $307-million compared with net inflows of $27-million in August, 2022. Investment fund net redemptions were $398-million compared with net redemptions of $178-million in August, 2022.

IG Wealth Management -- assets under advisement of $117.8-billion were down 0.6 per cent in the month. Total net outflows were $46-million compared with net inflows of $179-million in August, 2022.

Mackenzie –- assets under management of $192.9-billion were down 1 per cent in the month. Total net redemptions were $330-million compared with net redemptions of $204-million in August, 2022. Investment fund net redemptions were $239-million compared with net redemptions of $149-million in August, 2022.

About IGM Financial Inc.

IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $262-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.