Prospectus excerpt: Industrial Alliance Insurance and Financial Services Inc. (“Industrial Alliance” or the “Company”) is offering 4,000,000 Non-Cumulative Class A Preferred Shares Series F (the “Series F Preferred Shares”) under this prospectus supplement.
Industrial Alliance is concurrently offering 2,950,000 Common Shares (the “Common Shares”) through a separate public offering pursuant to the Short Form Base Shelf Prospectus dated April 30, 2009 and a prospectus supplement dated February 19,2010 relating to the Common Shares to be filed by the Company in all provinces of Canada. See “Recent Developments”.
The holders of Series F Preferred Shares will be entitled to receive fixed non-cumulative preferential cash dividends, if, as and when declared by the board of directors of Industrial Alliance (the “Board of Directors”), payable quarterly on March 31, June 30, September 30 and December 31 in each year, at a annual rate equal to $1.475 per Series F Preferred Share. The initial dividend, if declared, will be payable on June 30, 2010 and will amount to $0.5011 per Series F Preferred Share, based on an anticipated closing date of February 26, 2010. See “Details of the Offering”.