Intact Financial Corporation Announces $150 Million Preferred Share Offering

Intact Financial Corporation announced on November 6, 2025, its intention to launch a $150 million offering of preferred shares. The company has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets and National Bank Capital Markets, to purchase 6,000,000 Non-Cumulative Class A Shares, Series 13, for sale to the public at $25.00 per share. The closing of the offering is expected on November 12, 2025.

The proceeds from the offering are intended to be used for general corporate purposes. The Series 13 Shares will carry a dividend yield of 5.50% per annum, payable quarterly. These shares are not redeemable prior to December 31, 2030, after which Intact has the option to redeem them at a price that varies based on the redemption date.

This preferred share offering is part of Intact's ongoing strategy to manage its capital structure and support its operations. Intact Financial Corporation is the largest property and casualty insurer in Canada and a significant provider of specialty insurance lines internationally.

The offering is being made across all provinces and territories of Canada. Intact Financial Corporation is listed on the Toronto Stock Exchange under the symbol IFC. Further details are available on SEDAR+.