(February 5 – 16:10 ET) – Investors Group Inc. today announced, subject to regulatory approval, its intention to continue its normal course issuer bid through the facilities of the Toronto Stock Exchange from Feb. 15, 2001 to Feb. 14, 2002.

IG plans to purchase for cancellation up to 10,487,669 of its issued common shares, or about 5% of the common shares outstanding on February 1, 2001.

Within the past 12 months, IG has purchased 842,000 common shares at an average price of $18.8826 per share.

In the opinion of the company’s board of directors, the share buy-back will benefit both the company and its shareholders. It is expected that the share purchase will enhance the value of holdings of the remaining shareholders of the company.
-IE Staff