Mr. Kyle Martens reports

IGM FINANCIAL INC. ANNOUNCES MAY 2024 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS

IGM Financial Inc. had total assets under management and advisement of $251.1-billion at May 31, 2024, up 1.8 per cent from $246.7-billion at April 30, 2024, and up 8.9 per cent from $230.6-billion at May 31, 2023. Total consolidated net outflows were $301-million during May, 2024.

May highlights

IGM Financial -- assets under management and advisement of $251.1-billion were up 1.8 per cent in the month. Total net outflows were $301-million, up from net outflows of $414-million in May, 2023. Investment fund net redemptions were $377-million, up from net redemptions of $473-million in May, 2023.

IG Wealth Management -- assets under advisement of $128.6-billion were up 2.3 per cent in the month. Total net outflows were $3-million, up from net outflows of $34-million in May 2023.

Mackenzie -- assets under management of $201.8-billion were up 1.4 per cent in the month. Investment fund net redemptions were $250-million, up from net redemptions of $365-million in May, 2023. Total net redemptions were $299-million, up from net redemptions of $380-million in May, 2023.

About IGM Financial Inc.

IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $251-billion in total assets under management and advisement. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are carried out principally through IG Wealth Management and Mackenzie Investments. IGM Financial is a member of the Power Corp. group of companies.