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Intact FInancial Corp. 5.4% Perpetual Preferred Share New Issue

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Intact Financial Corp. is issuing $150M of 5.40% non-cumulative preferred shares.

The shares will not be redeemable prior to Mar-31-2025. On and after Mar-31-2025 to Mar-31-2026 the shares are redeemable at $26.00; $25.75 per share if redeemed after Mar-31-2026 and prior to Mar-31-2027; $25.50 per share if redeemed after Mar-31-2027 and prior to Mar-31-2028; $25.25 per share if redeemed after Mar-31-2028 and prior to Mar-31-2029; and $25.00 per share if redeemed after Mar-31-2019.

Intact Financial Corporation (TSX:IFC) is the one of the largest providers of property and casualty (P&C) insurance in Canada and a leading provider of specialty insurance in North America, with over $11B in total annual premiums.

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