Industrial Alliance Establishes Dividend Reinvestment and Share Purchase Plan
QUÉBEC CITY, Nov. 7, 2012 /CNW Telbec/ - Industrial Alliance Insurance and
Financial Services Inc. ("Industrial Alliance" or the "Company") announced
today the establishment of a Dividend Reinvestment and Share Purchase Plan
(the "Plan") for its common shareholders. The Plan will allow participants to
have their dividend payments automatically reinvested in Industrial Alliance
common shares, as well as to make cash purchases of additional Industrial
Alliance common shares.
Under the Plan, the Company may purchase common shares on the open market or
issue them from treasury. At this time, the Company intends to issue the
shares from treasury at a 2% discount to the average market price for the five
trading days preceding the dividend payment date. There is no cost to common
shareholders to participate in the Plan.
The first dividend to be eligible under the Plan will be paid on December 17,
2012 to shareholders of record on November 23, 2012. Enrollment forms for
the Plan must be received by our Plan Agent, Computershare Trust Company of
Canada, no later than 4 PM (Toronto time) on November 16, 2012.
The Offering Circular and enrollment form will be mailed to the Company's
registered shareholders on or about November 7(th), 2012. Non-registered or
beneficial shareholders should contract their broker, investment dealer,
financial institution or other nominee who holds their shares for details on
how to enroll in the Plan.
Only common shareholders who reside in Canada will be eligible to participate
in the Plan.
For more information on the Plan, please contact Computershare at
1-800-564-6253 or visit Industrial Alliance's website at www.inalco.com, in
the Investor Relations section under Dividends.
About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is
a life and health insurance company with operations in all regions of Canada
as well as in the United States. The Company offers a wide range of life and
health insurance products, savings and retirement plans, RRSPs, mutual and
segregated funds, securities, auto and home insurance, mortgage loans and
other financial products and services for both individuals and groups. The
fourth largest life and health insurance company in Canada, Industrial
Alliance contributes to the financial wellbeing of over three million
Canadians, employs 4,200 people and manages and administers more than
$80billion in assets. Industrial Alliance stock is listed on the Toronto
Stock Exchange under the ticker symbol IAG.
Investor Relations Grace Pollock Office: 418 780-5945
Media Relations Pierre Picard Office: 418 684-5000, ext 1660
SOURCE: INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC.
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CO: INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC.
NI: INS DIV FIN
-0- Nov/07/2012 17:33 GMT
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