Prospectus excerpt: The Non-Cumulative 5-Year Rate Reset Class A Preferred Shares Series G (the Series G Preferred Shares) of Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance or the Company) offered by this prospectus supplement constitute an additional issuance of Series G Preferred Shares that the Company initially issued on June 1, 2012 (the Initial Closing Date). See "Details of the Offering — Certain Provisions of the Series G Preferred Shares as a Series - General". The Company anticipates that the closing date of this offering will be June 28, 2012.
The holders of Series G Preferred Shares will be entitled to receive fixed non-cumulative preferential cash dividends, as and when declared by the board of directors of Industrial Alliance (the Board of Directors)for the initial period from and including the Initial Closing Date, to but excluding June 30, 2017 (the Initial Fixed Rate Period), payable quarterly on March 31, June 30, September 30 and December 31 in each year, at an annual rate equal to $1.0750 per Series G Preferred Share. The initial dividend, if declared, will be payable on September 30, 2012 and will amount to $0.3564 per Series G Preferred Share, representing the dividend, if declared, that will be computed by reference to the Initial Closing Date. See “Details of the Offering”.