On November 12, 2025, Intact Financial Corporation (TSX: IFC) completed its previously announced bought deal offering of 6,000,000 Non-Cumulative Class A Shares, Series 13, at $25.00 per share, raising gross proceeds of $150 million. The Series 13 Preferred Shares will begin trading on the Toronto Stock Exchange under the symbol IFC.PR.M.

Each Series 13 Preferred Share entitles holders to receive quarterly, non-cumulative preferential cash dividends, if declared by the Board of Directors, at a rate of $0.34375 per share. The initial dividend, if declared, will be $0.5236 per share, payable on March 31, 2026. Net proceeds from the offering are expected to be used for general corporate purposes.

The deal was underwritten by a syndicate led by BMO Capital Markets and National Bank Capital Markets as joint bookrunners, with participation from CIBC Capital Markets, TD Securities, Scotiabank, RBC Capital Markets, Desjardins Securities Inc., Raymond James Ltd., Canaccord Genuity Corp., and Cormark Securities Inc.

The Series 13 Preferred Shares have not been registered under the U.S. Securities Act of 1933 and are not being offered or sold in the United States or to U.S. persons, except as permitted by applicable law.

Legal counsel for IFC is Torys LLP, while Blake, Cassels & Graydon LLP advises the underwriters.