Key Developments: Industrial Alliance Insurance and Financial Services Inc (IAG.TO)

IAG.TO on Toronto Stock Exchange

48.48CAD
23 Jul 2014
Price Change (% chg)

$-0.11 (-0.23%)
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$48.59
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$49.99
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Latest Key Developments (Source: Significant Developments)

Industrial Alliance Insurance and Financial Services Inc closing of an offering of $250 mln of 2.80 pct fixed/floating subordinated debentures
Friday, 16 May 2014 08:59am EDT 

Industrial Alliance Insurance and Financial Services Inc:Closing of its previously said offering of $250 mln principal amount of 2.80% fixed/floating subordinated debentures due May 16, 2024.Notes bear interest at fixed annual rate of 2.80 pct, payable semi-annually, and, for period from May 16, 2019 to but excluding May 16, 2024 will bear interest at variable annual rate equal to 3-month bankers' acceptance rate plus 0.79 pct, payable quarterly.Debentures were offered through syndicate of agents co-led by TD Securities and RBC Capital Markets, and consisting of BMO Capital Markets, Scotia Capital, CIBC World Markets, National Bank Financial, Casgrain & Company and Industrial Alliance Securities.Debentures were issued under prospectus supplement dated May 13 to short form base shelf prospectus dated April 10, 2013.  Full Article

Industrial Alliance Insurance and Financial Services Inc announces offering of $250 mln of subordinated debentures
Tuesday, 13 May 2014 08:35am EDT 

Industrial Alliance Insurance and Financial Services Inc:Intends to issue $250 mln principal amount of fixed/floating subordinated debentures due May 16.Subject to prior regulatory approval, Industrial Alliance may redeem the Debentures, in whole or in part, on or after May 16, 2019.Offering is being done on best efforts agency basis by a syndicate of agents co-led by TD Securities Inc. and RBC Capital Markets.Offering is expected to close on or about May 16.Net proceeds will be added to the Company's general funds and will be used for general corporate purposes.Offering is being done on best efforts agency basis by a syndicate of agents co-led by TD Securities Inc. and RBC Capital Markets.  Full Article

Industrial Alliance Insurance and Financial Services declares dividend
Thursday, 8 May 2014 08:47am EDT 

Industrial Alliance Insurance and Financial Services Inc:Declares a dividend of $0.26 per share on outstanding common shares representing a payout ratio of 31pct.Payable on June 16 to shareholders of record at May 23.  Full Article

Industrial Alliance Insurance and Financial Services Inc reaffirms FY 2014 EPS Guidance
Thursday, 8 May 2014 08:47am EDT 

Industrial Alliance Insurance and Financial Services Inc:Sees FY 2014 earnings per share in a range of $3.40 to $3.80.FY 2014 EPS of $3.61 - Thomson Reuters I/B/E/S.  Full Article

Industrial Alliance Insurance and Financial Services Inc increases quarterly dividend
Thursday, 13 Feb 2014 09:02am EST 

Industrial Alliance Insurance and Financial Services Inc:Says the board increased the quarterly dividend by 6 pct to 26 cents on its outstanding common shares.Says this dividend is payable on Mar. 17 to shareholders of record as at Feb. 28.  Full Article

Industrial Alliance Insurance and Financial Services Inc increases FY 2014 EPS guidance
Thursday, 13 Feb 2014 09:02am EST 

Industrial Alliance Insurance and Financial Services Inc:Says fiscal 2014 earnings per common share (EPS) target range increased to C$3.40 to C$3.80.Fiscal 2014 EPS of C$3.60 - Thomson Reuters I/B/E/S.  Full Article

Industrial Alliance Insurance and Financial Services Inc Reaffirms FY 2013 EPS Guidance
Wednesday, 6 Nov 2013 08:45am EST 

Industrial Alliance Insurance and Financial Services Inc announced that for fiscal 2013, it expects earnings per common share (EPS) to be in the range of $3.00 to $3.40. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.28 for fiscal 2013.  Full Article

Industrial Alliance Insurance and Financial Services Inc Declares Quarterly Dividend
Wednesday, 6 Nov 2013 08:45am EST 

Industrial Alliance Insurance and Financial Services Inc announced that Board of Directors declared a quarterly dividend of $0.2450 per common share. This dividend is payable on December 16, 2013 to shareholders of record as at November 22, 2013.  Full Article

Industrial Alliance Insurance And Financial Services Inc Completes Acquisition Of Jovian Capital Corporation
Tuesday, 1 Oct 2013 09:06am EDT 

Industrial Alliance Insurance and Financial Services Inc and Jovian Capital Corp announced the completion of the acquisition through a plan of arrangement of all the outstanding common shares (Jovian Shares) of Jovian at $10.23 per share, for the aggregate consideration of approximately $79 million in cash and the issuance of 295,253 common shares of Industrial Alliance. It is expected that the Jovian Shares will be delisted from the TSX later this week. In addition, Jovian intends to apply to the relevant securities regulatory authorities to cease to be a reporting issuer in each of the jurisdictions in Canada where it is currently reporting.  Full Article

Industrial Alliance Insurance and Financial Services Inc Declares Quarterly Dividend
Wednesday, 31 Jul 2013 08:00pm EDT 

Industrial Alliance Insurance and Financial Services Inc announced that Board of Directors declared a quarterly dividend of $0.2450 per common share. This corresponds to a payout ratio of 33% of net earnings. This dividend is payable on September 16, 2013 to shareholders of record as at August 23, 2013.  Full Article

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