On December 31, 2013, Industrial Alliance Insurance and Financial Services Inc. redeemed all of its Non-Cumulative 5 Year Rate Reset Class A Preferred Shares Series C (the “Series C Preferred Shares”) then outstanding for an aggregate amount of $100 million. The Series C Preferred Shares were redeemed in accordance with the rights, privileges, restrictions and conditions attached to the Series C Preferred Shares and were delisted from the Toronto Stock Exchange on December 31, 2013.
Industrial Alliance was represented by a team from Lavery consisting of Marc Rochefort, Michel Servant and Maxime Bergeron (corporate and securities).
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.