Ms. Caroline Drouin reports

IA FINANCIAL GROUP COMPLETES OFFERING OF $400 MILLION OF INSTITUTIONAL PREFERRED SHARES

iA Financial Corp. Inc. has completed its previously announced offering of $400-million of 6.435 per cent non-cumulative five-year rate reset Class A preferred shares, Series C.

The preferred shares have been assigned a rating of Pfd-2 with a stable trend by Morningstar DBRS (DBRS Ltd.) and a rating of BBB-plus/P-2(high) by S&P Global Ratings, a division of S&P Global Inc.

The preferred shares were sold to institutional investors on a best efforts agency basis by a syndicate of agents co-led by RBC Capital Markets, National Bank Financial Markets and TD Securities.

The offering was made under the company's short form base shelf prospectus dated April 25, 2024. Complete details of the offering are set out in the prospectus supplement dated June 16, 2025, which is available on SEDAR+ and on the company's website.

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 and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares).