IGM FINANCIAL INC. – NORMAL COURSE ISSUER BID APPROVED

Winnipeg, April 7, 2010:  IGM Financial Inc. today announced receipt of regulatory approval respecting its intention to continue its Normal Course Issuer Bid through the facilities of the Toronto Stock Exchange from April 12, 2010 to April 11, 2011.

The Corporation intends to purchase for cancellation, by means of open market transactions or such other means as may be permitted by the Toronto Stock Exchange, up to but not more than 13,121,380 of its issued common shares, representing 5 percent of the approximately 262,427,599 common shares outstanding on March 31, 2010. Daily repurchases will be limited to 57,486 common shares, other than block purchase exceptions.  The average daily trading volume for the six months preceding the date hereof is 229,942 common shares. Within the past 12 months, the Corporation has purchased 742,800 common shares through the TSX at an average price of $41.9296 per share and 1,500,000 common shares purchased pursuant to private agreements between the Company and arm's-length third party sellers at an average price of $39.5458 per share pursuant to its then outstanding Normal Course Issuer Bid.

The Board of Directors has authorized this initiative because, in the Board’s opinion, such purchase constitutes an appropriate use of funds which will benefit both the Corporation and its shareholders. The normal course issuer bid is being established to mitigate the dilutive effect of stock options issued under the Corporation’s stock option plan and for other capital management purposes.

IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country’s largest managers and distributors of mutual funds and other managed asset products, with over $123 billion in total assets under management. Its activities are carried out principally through Investors Group, Mackenzie Financial Corporation and Investment Planning Counsel. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.