IGM Financial Inc. (TSX:IGM) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up 6,000,000 shares, representing 2.5% of its issued share capital. The repurchased shares will be cancelled.

The purpose of the program is to mitigate the dilutive effect of stock options issued under the corporation's stock option plan and for other capital management purposes. The bid will expire on February 28, 2023. As of February 15, 2022, the company had 239,743,232 common shares outstanding and issued.