Intact Financial completes C$150 million preferred share offering
On November 12, 2025, Intact Financial Corporation ("Intact") closed a bought deal offering of non-cumulative Class A shares, Series 13 underwritten by a syndicate of underwriters led by BMO Capital Markets and National Bank Capital Markets, as joint bookrunners, together with, CIBC Capital Markets, TD Securities, Scotiabank and RBC Capital Markets, at a price of C$25.00 per share, resulting in aggregate gross proceeds to Intact of C$150 million.
The shares yield 5.50% per annum, payable quarterly and trade on the Toronto Stock Exchange under the symbol IFC.PR.M.
Net proceeds of the offering will be used by Intact for general corporate purposes.
Further information can be found on Canada Newswire’s website.
Intact Financial Corporation is the largest provider of property and casualty insurance in Canada, a leading specialty lines insurer with international expertise and a leader in commercial lines in the UK and Ireland.