IGM Financial Raises Share Buyback Plan by 1 Million Shares

Dow Jones
2025/11/11
 

By Robb M. Stewart

 

IGM Financial bumped up the size of its share buyback program to cover roughly 2.5% of its outstanding stock.

The Canadian wealth and asset manager said Tuesday an amendment to its normal course issuer bid was accepted by the Toronto Stock Exchange, allowing it to repurchase 6 million of its shares from earlier plans to buy up to 5 million shares. Already, the company has bought about 4.2 million shares.

The buyback program will run until no later than Dec. 22. Purchases will continue to be made in open market transactions through the facilities of the Toronto exchange or alternative Canadian trading systems, IGM said.

IGM's shares have climbed 22% in 2025, last closing at C$56.11.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

November 11, 2025 07:32 ET (12:32 GMT)

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