/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, Sept. 10, 2012 /CNW/ - Intact Financial Corporation (TSX:IFC)
announced today that it has completed its previously announced offering
of an additional $50 million principal amount of Series 5 5.16%
unsecured medium term notes (the "Notes") due June 16, 2042 pursuant to
its medium term note program. The Notes will be direct unsecured
obligations of IFC and will rank equally with all other unsecured and
unsubordinated indebtedness of IFC. IFC now has $250 million of the
Notes outstanding. Details of the offering are set out in Pricing
Supplement No. 3 which is available on the SEDAR website for IFC at www.sedar.com.
The Notes were offered on a best efforts basis by CIBC World Markets
Inc. The net proceeds of the offering will be used by IFC for general
corporate and investment purposes.
The securities have not been and will not be registered under the U.S.
Securities Act of 1933, as amended ("U.S. Securities Act"), and may not
be offered or sold in the United States or to or for the account or
benefit of U.S. persons absent registration or an applicable exemption
from the registration requirements of the U.S. Securities Act. This
press release shall not constitute an offer to sell or the solicitation
of an offer to buy such securities in the United States or in any other
jurisdiction where such offer is unlawful.
About Intact Financial Corporation
Intact Financial Corporation (www.intactfc.com) is the largest provider of property and casualty insurance in Canada.
Intact offers home, auto and business insurance through Intact
Insurance, belairdirect, Grey Power, BrokerLink and JEVCO Insurance
Company.
Forward-looking statements
Certain of the statements included in this press release about IFC's
current and future plans, expectations and intentions, results, levels
of activity, performance, goals or achievements or any other future
events or developments constitute forward-looking statements. The words
"may", "will", "would", "should", "could", "expects", "plans",
"intends", "trends", "indications", "anticipates", "believes",
"estimates", "predicts", "likely", "potential" or the negative or other
variations of these words or other similar or comparable words or
phrases, are intended to identify forward-looking statements. IFC and
management have no intention and undertake no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
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