| Winnipeg, MB - April 5, 2004: Investors Group Inc. (TSX: IGI) announced today that it intends to seek shareholder approval to change its name to IGM Financial Inc. at its Annual and Special Shareholders Meeting on April 30, 2004.
This change will only affect the name of the public company. It does not affect the name of the Investors Group financial planning and mutual fund organization, which has provided financial advice to Canadians for over 77 years. Both Investors Group and its sister company Mackenzie will continue to operate their businesses under their current names and through their existing brands, which are well established and respected in the marketplace.
The new name reflects the evolution of the public company, and more accurately represents the structure of the organization today, with its activities being conducted through more than one business unit. The new name will also serve to distinguish the public corporation from its operating business units.
The name 'IGM Financial Inc.' is derived from the Corporation's two core business units, Investors Group and Mackenzie. The descriptor "Financial" reflects the broad scope of industry leading financial services and products that the corporation offers to Canadians.
The Company is one of Canada's premier personal financial services companies, and the country's largest manager and distributor of mutual funds and other managed asset products. It has $76.5 billion of mutual funds under management. Its activities are carried out principally through the Investors Group consultant network and through Mackenzie Financial. In addition, the Company announced on February 25 of this year that it has entered into agreements to acquire IPC Financial Network, subject to approval by regulators and the shareholders of IPC. IPC is the 5th largest financial planning organization in Canada with $7.1 billion of client assets under administration and $1.2 billion of mutual fund assets under management.
Subject to shareholder and regulatory approval, the name change will be effective in May 2004.
Investors Group is a national leader in delivering personalized financial solutions to more than one million Canadians, through a network of close to 3,200 Consultants located in 100 Financial Planning Centres. In addition to an exclusive family of mutual funds, managed asset and other investment vehicles, Investors Group offers a wide range of mortgage, insurance, brokerage and banking services. Investors Group is a member of the Power Financial Corporation group of companies.
Media contacts:
Ron Arnst
Media Relations
Investors Group Inc.
(204) 956-3364
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Mike Van Soelen
Environics Communications
(416) 969-2717
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