IGM Financial to Renew Repurchase Program for 5% of Public Float

Dow Jones

Dec 17

By Adriano Marchese

IGM Financial intends to renew a share repurchase program to buy back up to 5% of its stock over the course of a one-year period.

The Canadian diversified wealth and asset management firm said Wednesday that it plans to buy back up to 11.8 million shares by way of a normal course issuer bid.

Shares have performed well in 2025, rising nearly 36% since the start of the year to close on Monday at 62.39 Canadian dollars ($45.36).

At Monday's closing price, the value of the shares intended for buyback would be worth about C$735.3 million.

IGM can begin buying back shares starting on Dec. 23.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

December 17, 2025 07:55 ET (12:55 GMT)

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