WINNIPEG, MANITOBA--(Marketwire - March 9, 2011) - IGM Financial Inc. (TSX:IGM) announced today that it intends to purchase for cancellation up to 1.5 million of its common shares pursuant to private agreements between IGM Financial Inc. and an arm's-length third-party seller. The purchases will form part of IGM Financial Inc.'s normal course issuer bid announced on April 7, 2010.

These purchases will be made pursuant to an issuer bid exemption order issued by the Ontario Securities Commission and will take place on or before the end of the day on March 31, 2011. The price that IGM Financial Inc. will pay for any common shares purchased by it under these agreements will be negotiated by IGM Financial Inc. and the seller and will be at a discount to the prevailing market price of IGM Financial Inc.'s common shares on the Toronto Stock Exchange at the time of the purchase.

The above-mentioned private agreements are in addition to agreements announced on June 30, 2010, September 13, 2010 and December 14, 2010, pursuant to which IGM Financial Inc. purchased for cancellation an aggregate 2,650,000 of its common shares. After giving effect to the intended purchases, IGM Financial Inc. will have purchased under exempted private agreements an aggregate of 4,150,000 common shares, representing approximately 32 per cent of the 13,121,380 common shares which may be repurchased under its current normal course issuer bid.

IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, with over $133 billion in total assets under management as of February 28, 2011. Its activities are carried out principally through Investors Group, Mackenzie Financial Corporation and Investment Planning Counsel. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.

Contact Information: IGM Financial Inc.
Ron Arnst
Media Relations
(204) 956 3364