Industrial Alliance Insurance and Financial Services Inc. completes the redemption of outstanding Non-Cumulative Class A Preferred Shares Series F.
March 31, 2015
Client: Industrial Alliance Insurance and Financial Services Inc.
On March 31, 2015, Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance) completed the redemption of the 4,000,000 outstanding 5.90% Non-Cumulative Class A Preferred Shares Series F with a par value of $100 million (the Series F Preferred Shares) further to the formal notice and instructions which were sent to holders as of February 24, 2015. Industrial Alliance has paid the holders of the Series F Preferred Shares the redemption price of $26 less any taxes required to be withheld or deducted.
Industrial Alliance's legal team included Douglas Carrothers, Vice-President, Legal Services and Corporate Secretary, Jennifer Dibblee, Director, Corporate Affairs, Legal Department and Chantale Blais, Legal Counsel.
Norton Rose Fulbright Canada LLP acted as legal counsel to Industrial Alliance. The team was led by Thierry Dorval, and included Catherine Simard and Renée Loiselle.