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Investors Group announces proposed change of investment mandate for two Capital Yield Classes

Winnipeg, MB – June 23, 2009: Investors Group has announced proposed changes to the investment mandates for Investors Short Term Capital Yield Class* and Investors Capital Yield Class*.

The proposed change will broaden the mandates to enhance the ability of each Class to generate an investment return for shareholders similar to a Canadian fixed income fund by removing the requirement that they invest primarily in equities and forward contracts. This change is intended to ensure that each Class is more stable and less susceptible to disruptions in the equity, credit and interest rate markets.

These changes require securityholder approval. Securityholders of record (as of June 26, 2009**) holding shares of Investors Short Term Capital Yield Class and/or Investors Capital Yield Class will receive a Notice of Meeting, Proxy Form and Management Information Circular detailing the changes. Securityholder meetings are scheduled for August 13, 2009. If approved, these changes are expected to occur on or about September 1, 2009.

*This mutual fund is a separate class of shares issued by Investors Group Corporate Class Inc.

**If you acquire shares after June 26, 2009 in either of these Classes, you may be entitled to vote, provided you establish proper ownership of shares of that Class and request, at least 10 days before your Class’ meeting, to be included in the list of securityholders of that Class for purposes of voting at your Class’ meeting. More information may be found in the Management Information Circular, a copy of which may be obtained by contacting your Investors Group Consultant. These documents will also be available at www.sedar.com and at investorsgroup.com.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The Classes are distributed across Canada by Investors Group Financial Services Inc., (in Quebec, a financial services firm), and Investors Group Securities Inc. (in Quebec, a firm in financial planning.)

Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of approximately 4,500 Consultants located throughout Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and other financial services. Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada’s premier financial services companies with over $108 billion in total assets under management as at May 31, 2009.

Media contact:
Ron Arnst
Media Relations
(204) 956-3364
ron.arnst@investorsgroup.com