Date Closed

May 24, 2017

Lead Office

Montréal

Value

150.00 Million CAD

On May 24, 2017, Intact Financial Corporation ("IFC") closed its previously announced bought deal offering of 6,000,000 Class A Series 5 Preferred Shares underwritten by a syndicate of underwriters (the "Underwriters") led by CIBC Capital Markets together with BMO Capital Markets, National Bank Financial and TD Securities Inc., resulting in gross proceeds (including the proceeds resulting from the exercise of their option) to IFC of C$150 million.

The net proceeds from the Offering are intended to be used by IFC to fund a portion of the purchase price for its previously announced acquisition of all of the issued and outstanding shares of OneBeacon Insurance Group, Ltd.

McCarthy Tétrault LLP advised the syndicate of underwriters with a team led by Andrew Parker and Patrick Boucher that included Charles-Antoine Soulière, Fraser Bourne, Isabelle Nazon, and Mason Gordon.