On June 16, 2025, iA Financial Corporation Inc. announced a C$400 million institutional offering of Non-Cumulative 5-Year Rate Reset Class A Preferred Shares Series C, priced at C$1,000 per share for a total of 400,000 shares. The offering was aimed at accredited institutional investors across Canada and intended to qualify as Tier 1 Capital (other than common shares) under the AMF’s CARLI framework. The shares carry a fixed annual dividend rate of 6.435%, payable semi-annually at C$32.175 per share, with the first dividend of C$33.4091096 per share payable on December 31, 2025 (if declared), reflecting the anticipated June 23, 2025 closing. Dividends are non-cumulative and subject to board declaration. The shares are unlisted and require a minimum investment of 200 shares (C$200,000).

The offering closed on June 23, 2025, with net proceeds of approximately C$394.95 million for general corporate purposes. It was led by RBC Dominion Securities Inc., National Bank Financial Inc., and TD Securities Inc., with additional agents BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., iA Private Wealth Inc., Casgrain & Company Limited, and UBS Securities Canada Inc. Legal counsel included Torys LLP for iA Financial and McCarthy Tétrault LLP for the agents.