Mr. Todd Asman reports

NEW IG WEALTH MANAGEMENT MUTUAL FUNDS SEEK STABLE INCOME AND ACCESS TO CANADIAN DIVIDEND INVESTING

IG Wealth Management is expanding its iProfile suite of investment solutions with the launch of two new iProfile Enhanced Monthly Income portfolios and the iProfile Canadian Dividend and Income Equity Private Pool.

iProfile Enhanced Monthly Income portfolios

iProfile Enhanced Monthly Income Portfolio -- Canadian Fixed Income Balanced and iProfile Enhanced Monthly Income Portfolio -- Canadian Neutral Balanced intend to provide clients with a diversified portfolio solution focused on providing regular investment income with the potential for capital appreciation.

The portfolios offer a stable annual cash flow of 5 per cent (Canadian Fixed Income Balanced) and 6 per cent (Canadian Neutral Balanced), paid as monthly distributions.

"We're thrilled to launch the new iProfile Monthly Income portfolios, which offer IG clients a new way to enhance the stability and longevity of their investment income," said Todd Asman, executive vice-president, products and financial planning, IG Wealth Management. "The portfolios aim to make the cash flow clients receive from their investments more predictable, with a focus on tax efficiency, which can help ensure the longevity they need from their income seeking investments."

The portfolios will be subadvised by Mackenzie Investments.

iProfile Canadian Dividend and Income Equity Private Pool

iProfile Canadian Dividend and Income Equity Private Pool seeks to provide investment income and growth potential by investing primarily in Canadian securities that pay dividends.

The pool, which will be subadvised by Mackenzie Investments and Dynamic Funds (1832 Asset Management LP), seeks to invest in attractively valued, high-quality companies that combine above-average yield and growth potential, while also considering businesses that have the ability to grow their dividends over time.

"The new iProfile Canadian Dividend and Income Equity Private Pool offers investors access to high-quality Canadian companies that have demonstrated that they can generate strong cash flows and return value to shareholders," added Mr. Asman. "The pool, subadvised by proven investment management teams, will give our clients better exposure to dividends, which are a key driver of total returns over the long term."

About IG Wealth Management

Founded in 1926, IG Wealth Management is a national leader in delivering personalized financial solutions to Canadians through a network of advisers located across Canada. IG Wealth Management, including Investors Group Financial Services Inc. and Investors Group Securities Inc., has $114.2-billion in assets under advisement as of Sept. 30, 2023, and is a member of the IGM Financial Inc. group of companies. IGM Financial, together with its subsidiaries, is one of Canada's leading diversified wealth and asset management companies with $253-billion in total assets under management and advisement as of Sept. 30, 2023.