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IGM Financial Inc (IGM.TO)

IGM.TO on Toronto Stock Exchange

37.35CAD
18 Apr 2018
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Latest Key Developments (Source: Significant Developments)

IGM Financial Announces $250 Million Offering Of Debentures
Tuesday, 5 Dec 2017 04:28pm EST 

Dec 5 (Reuters) - Igm Financial Inc ::IGM FINANCIAL INC. ANNOUNCES $250 MILLION OFFERING OF DEBENTURES.IGM FINANCIAL INC - HAS PRICED ISSUANCE OF $250 MILLION PRINCIPAL AMOUNT OF DEBENTURES.IGM FINANCIAL INC - DEBENTURES WILL BE DATED DECEMBER 7, 2017 AND WILL MATURE ON DECEMBER 9, 2047.IGM FINANCIAL - NET PROCEEDS WILL BE USED BY IGM FINANCIAL TO REPAY UPCOMING LONG-TERM DEBT MATURITIES.IGM FINANCIAL INC - DEBENTURES WILL BEAR INTEREST AT A RATE OF 4.115% PER ANNUM PAYABLE SEMI-ANNUALLY IN ARREARS.  Full Article

IGM Financial announces CFO succession plan
Tuesday, 21 Nov 2017 04:08pm EST 

Nov 21 (Reuters) - Igm Financial Inc :Announces CFO succession plan.‍Kevin Regan announces intention to retire; Luke Gould appointed new chief financial officer effective January 1, 2018​.  Full Article

IGM Financial announces initiatives to enhance operational effectiveness
Tuesday, 14 Nov 2017 05:30pm EST 

Nov 14 (Reuters) - IGm Financial Inc :IGM Financial Inc. announces initiatives to enhance operational effectiveness.IGM Financial - ‍during Q4, will record a one-time charge of about $118 million after-tax, or $160 million pre-tax which equates to $0.49 per share after-tax​.IGM Financial Inc - ‍among initiatives is a decision to discontinue development of a new investment fund accounting system​.IGM Financial Inc - ‍after a thorough review, company instead will upgrade its current solution for investment fund accounting system​.IGM Financial - ‍post implementation of initiatives, anticipates 2018 non-commission expense increases of 5% relative to 2017​.IGM Financial - due to discontinued development ‍of investment fund accounting system​, other decisions, co to record charge about $74 million after-tax.  Full Article

IGM Financial Q3 earnings per share c$0.72
Thursday, 2 Nov 2017 05:11pm EDT 

Nov 2 (Reuters) - Igm Financial Inc : :IGM Financial Inc reports third quarter earnings.Q3 earnings per share c$0.72.Q3 earnings per share view c$0.81 -- Thomson Reuters I/B/E/S.IGM Financial Inc - qtrly revenue c$773.3 million versus c$776.5 million.  Full Article

IGM Financial Inc Reports second quarter earnings
Thursday, 3 Aug 2017 09:47am EDT 

Aug 3 (Reuters) - IGM Financial Inc ::IGM Financial Inc Reports second quarter earnings.Q2 adjusted earnings per share C$0.77 excluding items.Q2 earnings per share C$0.83.Q2 earnings per share view C$0.77 -- Thomson Reuters I/B/E/S.Says ‍revenues for three months ended June 30, 2017 were $798.2 million compared to $744.3 million a year ago​.Says qtrly total Assets Under Management at June 30, 2017 were $148.2 billion compared to $135.1 billion at June 30, 2016.  Full Article

IGM Financial Inc announces May 2017 investment fund sales and total assets under management
Friday, 2 Jun 2017 04:08pm EDT 

June 2 (Reuters) - IGM Financial Inc : :IGM Financial Inc announces May 2017 investment fund sales and total assets under management.IGM Financial Inc - ‍reported preliminary total investment fund net new money in May of $418.6 million​.IGM Financial Inc - ‍total assets under management were $149.7 billion at May 31, 2017, compared with $149.7 billion at April 30, 2017​.IGM Financial Inc - ‍investment fund assets under management were $144.2 billion at May 31, 2017, compared with $144.3 billion at April 30, 2017​.  Full Article

IGM Financial says total AUM of $145 bln at February 28, 2017
Thursday, 2 Mar 2017 01:36pm EST 

IGM Financial Inc : IGM Financial Inc. announces February 2017 mutual fund sales and total assets under management . Mutual fund assets under management were $140.1 billion at February 28, 2017, compared with $137.0 billion at January 31, 2017 . Total assets under management $145.0 billion at Feb 28, 2017, compared with $141.7 billion at January 31, 2017 and $129.0 billion at Feb 29, 2016 .Preliminary total mutual fund net new money in February of $533.3 million.  Full Article

IGM FINANCIAL INC REPORTS Q4 EARNINGS PER SHARE C$0.97
Friday, 10 Feb 2017 10:15am EST 

Igm Financial Inc : IGM FINANCIAL INC. REPORTS FOURTH QUARTER AND 2016 EARNINGS . Q4 OPERATING EARNINGS PER SHARE C$0.83 EXCLUDING ITEMS . Q4 EARNINGS PER SHARE C$0.97 . Q4 EARNINGS PER SHARE VIEW C$0.80 -- THOMSON REUTERS I/B/E/S . IGM FINANCIAL INC - TOTAL ASSETS UNDER MANAGEMENT AT DECEMBER 31, 2016 WERE $141.8 BILLION COMPARED TO $133.6 BILLION AT DECEMBER 31, 2015 .IGM FINANCIAL INC - MUTUAL FUND ASSETS UNDER MANAGEMENT AT DECEMBER 31, 2016 WERE $137.1 BILLION COMPARED TO $127.5 BILLION AT DECEMBER 31, 2015.  Full Article

IGM Financial SAYS TOTAL ASSETS UNDER MANAGEMENT WERE $141.7 BLN AT JAN. 31, 2017
Thursday, 2 Feb 2017 05:51pm EST 

Igm Financial Inc : IGM FINANCIAL INC. ANNOUNCES JANUARY 2017 MUTUAL FUND SALES AND TOTAL ASSETS UNDER MANAGEMENT . IGM FINANCIAL INC - TOTAL ASSETS UNDER MANAGEMENT WERE $141.7 BILLION AT JANUARY 31, 2017, COMPARED WITH $141.8 BILLION AT DECEMBER 31, 2016 .IGM FINANCIAL INC - MUTUAL FUND ASSETS UNDER MANAGEMENT WERE $137.0 BILLION AT JANUARY 31, 2017, COMPARED WITH $137.1 BILLION AT DECEMBER 31, 2016.  Full Article

IGM Financial acquires additonal 3.9 pct interest in China Asset Management Co Ltd
Thursday, 5 Jan 2017 07:30am EST 

IGM Financial Inc : Acquires additonal 3.9% interest in market-leading China Asset Management Co Ltd . Deal for cad$179 million . Combined, Mackenzie Investments and Power will hold a 27.8% interest in China AMC .Power Corp of Canada, indirect parent co of IGM Financial, also announced that it has entered into agreement to acquire additional 3.9% interest in China AMC.  Full Article

BRIEF-IGM Financial Announces February 2018 Investment Fund Sales And Total Assets Under Management

* IGM FINANCIAL INC. ANNOUNCES FEBRUARY 2018 INVESTMENT FUND SALES AND TOTAL ASSETS UNDER MANAGEMENT