IGM Financial Inc. announces March 2019 investment fund sales and total assets under management

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Consolidated results eliminate double counting where business is reflected in multiple segments and excludes
$32.8  million in net new money by IG Wealth Management and IPC mutual fund investments in ETFs

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($8.5) million of net new money in ETFs by Mackenzie mutual funds

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Preliminary Counsel mutual funds net new money do not include sales/redemptions in the IPC Private Wealth
program. IPC Private Wealth program flows are included in figures presented in MD&A

*Mutual Fund Net New Money is defined as Gross Sales less Gross Redemptions and is consistent with the terminology
used in the Management Discussion and Analysis (MD&A) issued by IGM Financial

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Mackenzie sub-advisory mandates to Investment Planning Counsel mutual funds and investment in Mackenzie
investment funds by mutual funds managed by IG Wealth Management or Investment Planning Counsel are
reported within Mackenzie's results and are eliminated within IGM Financial consolidated results:
-      Amounts eliminated within IGM Financial consolidated total assets were $1.9 billion at March 31, 2019 ($2.1 billion at February 28, 2019 and $2.0 billion at March 31, 2018).
-      Amounts eliminated within IGM Financial consolidated investment fund assets were $627.4 million at March 31, 2019 ($584.0 million at February 28, 2019, $346.1 million at March 31, 2018).

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Mackenzie mutual fund investment in ETFs of $898.4 million as at March 31, 2019 ($891.3 million as at February
28, 2019 and $596.7 million as at March 31, 2018)

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IPC's total assets under management includes Counsel Mutual Funds and the Private Wealth Program

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Based on daily average investment fund assets and month-end average institutional, sub-advisory and other assets

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Mackenzie sub-advisory mandates to Investment Planning Counsel mutual funds and investment in Mackenzie
investment funds by mutual funds managed by IG Wealth Management or Investment Planning Counsel are reported within Mackenzie's results
and are eliminated within IGM Financial consolidated results:
-      Amounts eliminated within IGM Financial consolidated total assets were $2.0 billion at March 31, 2019.
-      Amounts eliminated within IGM Financial consolidated investment fund assets were $574.5 million at March 31, 2019.

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Mackenzie mutual fund investment in ETFs of $905.6 million as at March 31, 2019

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IPC's total assets under management includes Counsel Mutual Funds and the Private Wealth Program