Business: Intact Financial Corp 5.40% Non-Cumulative Class A Shares, Series 9, liquidation preference $25 Canadian dollars per share, redeemable at the issuer's option on or after 03/31/2025 but before 03/31/2026 at $26 (104%) Canadian dollars per share plus declared and unpaid dividends; on or after 03/31/2026 but before 03/31/2027 at $25.75 (103%) Canadian dollars per share plus declared and unpaid dividends; on or after 03/31/2027 but before 03/31/2028 at $25.50 (102%) Canadian dollars per share plus accrued and unpaid dividends; on or after 03/31/2028 but before 03/31/2029 at $25.25 (101%) Canadian dollars per share plus declared and unpaid dividends and on or after 03/31/2029 at $25.00 (100%) Canadian dollars per share plus declared and unpaid dividends, and with no stated maturity. <p> Non-cumulative distributions of 5.40% per annum $1.35 per annum or $0.3375 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). <p> This security was rated as BBB by Fitch Ratings Co. at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.