TORONTO, Dec. 1, 2016
TORONTO, Dec. 1, 2016 /CNW/ - Intact Financial Corporation ("IFC") announced today the quarterly dividend rate applicable to its Non-cumulative Floating Rate Class A Shares Series 4 (the "Series 4 Preferred Shares") in respect of the quarterly floating rate period beginning December 31, 2016.
The dividend rate for the Series 4 Preferred Shares for the quarterly floating rate period from and including December 31, 2016 to but excluding March 31, 2017 will be 0.78140% (3.169% on an annualized basis), as determined in accordance with the terms of the Series 4 Preferred Shares (the "Floating Quarterly Dividend Rate"). The dividend, if declared, for such dividend period will be $ 0.19535 per Series 4 Preferred Share.
The Floating Quarterly Dividend Rate will be reset every quarter. In the future, information relating to dividend rates for IFC's preferred shares will be made available at www.intactfc.com in the "Shareholder Information" section under the "Investors" tab.
The Series 4 Preferred Shares are listed on the Toronto Stock Exchange under the trading symbol "IFC.PR.D".
For more information on the terms of, and risks associated with an investment in, the Series 4 Preferred Shares, see IFC's prospectus supplement dated August 11, 2011 which is available electronically at www.sedar.com.
About Intact Financial Corporation
Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty (P&C) insurance in Canada with $8.0 billion in annual premiums. Supported by over 12,000 employees, the Company insures more than five million individuals and businesses through its insurance subsidiaries and is the largest private sector provider of P&C insurance in British Columbia, Alberta, Ontario, Québec, Nova Scotia and Newfoundland & Labrador. The Company distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly owned subsidiary, BrokerLink, and directly to consumers through belairdirect.
SOURCE Intact Financial Corporation