News Column

IGM Financial Inc. Reports Fourth Quarter and 2012 Earnings

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The twelve month trailing redemption rate (excluding money market funds) was 10.0% at December 31, 2012, compared to 9.7% at September 30, 2012.

Mutual fund assets under management at December 31, 2012 were $60.6 billion compared to $57.7 billion at December 31, 2011.

Mackenzie Operations

Total sales for the fourth quarter of 2012 were $2.84 billion compared to $2.09 billion in the prior year. Total net redemptions for the fourth quarter were $1.00 billion compared to total net redemptions of $1.25 billion a year ago.

Total sales for the twelve months ended December 31, 2012 were $9.97 billion compared to $10.30 billion in the prior year. Total net redemptions were $4.24 billion compared to total net redemptions of $2.50 billion a year ago.

"Investment performance of our mutual fund family remained strong, with 68% of our fund assets ranked in the first or second quartile of their respective asset categories over the five year period ended December 31, 2012," said Charles R. Sims, FCA, President and Chief Executive Officer of Mackenzie Financial Corporation.

Mackenzie's total assets under management at December 31, 2012 were $61.5 billion compared with total assets under management of $61.7 billion at December 31, 2011. Mutual fund assets under management at December 31, 2012 were $40.4 billion compared to $39.1 billion a year ago.

Dividends

The Board of Directors has declared a dividend of 53.75 cents per share on the Company's common shares and has declared a dividend of $0.36875 per share on the Company's 5.90% Non-Cumulative First Preferred Shares, Series "B". The common share dividend and the preferred share dividend are payable on April 30, 2013 to shareholders of record on March 28, 2013.

Forward-Looking Statements

Certain statements in this Release, other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect IGM Financial's current expectations. Forward-looking statements are provided to assist the reader in understanding the Company's financial position and results of operations as at and for the periods ended on certain dates and to present information about management's current expectations and plans relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. These statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of the Company, as well as the outlook for North American and international economies, for the current fiscal year and subsequent periods. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes", "estimates", "seeks", "intends", "targets", "projects", "forecasts" or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could".

This information is based upon certain material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking statements, including the perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. While the Company considers these assumptions to be reasonable based on information currently available to management, they may prove to be incorrect.

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