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IGM Financial Inc (IGM.TO)

IGM.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

IGM Financial Says Total Assets Under Management Were $160.4 Bln Compared With $159.1 Bln year earlier
Thursday, 2 Aug 2018 07:06am EDT 

Aug 2 (Reuters) - IGM Financial Inc ::IGM FINANCIAL INC. ANNOUNCES JULY 2018 INVESTMENT FUND SALES AND TOTAL ASSETS UNDER MANAGEMENT.IGM FINANCIAL INC - TOTAL ASSETS UNDER MANAGEMENT WERE $160.4 BILLION AT JULY 31, 2018, COMPARED WITH $159.1 BILLION AT JUNE 30, 2018.IGM FINANCIAL INC - PRELIMINARY TOTAL INVESTMENT FUND NET NEW MONEY IN JULY OF $232.0 MILLION.  Full Article

IGM Financial Announces $200 Mln Offering Of Debentures
Monday, 9 Jul 2018 07:40pm EDT 

July 9 (Reuters) - IGM Financial Inc ::IGM FINANCIAL INC. ANNOUNCES $200 MILLION OFFERING OF DEBENTURES.IGM FINANCIAL INC - NET PROCEEDS WILL BE USED, WITH PORTION OF CASH RESOURCES, TO FUND REDEMPTION OF ITS $375 MILLION PRINCIPAL AMOUNT OF DEBENTURES.  Full Article

IGM Financial Reports Q4 Earnings Per Share C$0.21
Friday, 9 Feb 2018 09:41am EST 

Feb 9 (Reuters) - Igm Financial Inc ::IGM FINANCIAL REPORTS FOURTH QUARTER AND 2017 EARNINGS.Q4 EARNINGS PER SHARE C$0.21.Q4 ADJUSTED EARNINGS PER SHARE C$0.79 EXCLUDING ITEMS.MUTUAL FUND ASSETS UNDER MANAGEMENT AT DECEMBER 31, 2017 WERE $88.0 BILLION COMPARED TO $81.2 BILLION AT DECEMBER 31, 2016.QTRLY REVENUES $792.7 MILLION VERSUS $801.2 MILLION.Q4 EARNINGS PER SHARE VIEW C$0.83, REVENUE VIEW C$830.1 MILLION -- THOMSON REUTERS I/B/E/S.QTRLY ASSETS UNDER MANAGEMENT OF $156.5 BILLION AT DEC 31, 2017, AN INCREASE OF 4.3% IN QUARTER.  Full Article

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 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