Articles from CI Financial Corp.

CI Financial Corp. (“CI” or the “Corporation”) (TSX: CIX) today announced the commencement of the mailing of its management information circular and related shareholder meeting materials for the special meeting of CI shareholders (the “Meeting”) to consider and vote on the Corporation’s proposed plan of arrangement (the “Arrangement”) with an affiliate of funds managed by Mubadala Capital (the “Purchaser”) pursuant to which all of the issued and outstanding shares of CI will be acquired for cash consideration equal to $32.00 per share, other than shares held by members of senior management who enter into equity rollover agreements (such shareholders that enter into equity rollover agreements being the “Rollover Shareholders”). CI’s management information circular and other related shareholder meeting materials can also be found under the Corporation’s profile on SEDAR+ at www.sedarplus.ca as well as on its website at http://ir.cifinancial.com.

CI Financial Corp. (“CI” or the “Corporation”) (TSX: CIX) today announced that the Ontario Superior Court of Justice (Commercial List) has issued an interim order regarding the Corporation’s proposed plan of arrangement (the “Arrangement”) with an affiliate of funds managed by Mubadala Capital (the “Purchaser”) pursuant to which all of the issued and outstanding shares of CI will be acquired for cash consideration equal to $32.00 per share, other than shares held by members of senior management who enter into equity rollover agreements. The interim order authorizes, among other things, the special meeting of CI shareholders currently scheduled to be held at 10:00 a.m. (Toronto time) on February 12, 2025 to consider and vote on the Arrangement.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $532.7 billion as at November 30, 2024, consisting of asset management assets of $140.1 billion, Canadian wealth management assets of $103.2 billion, Canadian custody assets of $34.5 billion, and U.S. wealth management assets of $254.9 billion.

CI Financial Corp. (“CI”) (TSX: CIX) has been named one of Greater Toronto’s Top Employers for 2025, an award that recognizes employers with forward-thinking workplace policies.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $525.3 billion as at October 31, 2024, consisting of asset management assets of $136.1 billion, Canadian wealth management assets of $100.4 billion, Canadian custody assets of $32.3 billion, and U.S. wealth management assets of $256.5 billion.

CI Financial Corp. (“CI”) (TSX: CIX) today announced that it has entered into a definitive agreement with an affiliate of Mubadala Capital, the alternative asset management arm of Mubadala Investment Company, to take CI private in a transaction that values CI’s equity at approximately $4.7 billion and implies an enterprise value of approximately $12.1 billion. Following the closing of the transaction, CI will continue to operate with its current structure and management team and will be independent of Mubadala Capital’s other portfolio businesses.

CI Financial Corp. (“CI”) (TSX: CIX) today released financial results for the quarter ended September 30, 2024.

CI Financial Corp. (“CI”) (TSX: CIX) will release its financial results for the third quarter of fiscal 2024 on Thursday, November 14, 2024.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $518.1 billion as at September 30, 2024, consisting of asset management assets of $135.4 billion, Canadian wealth management assets of $100.1 billion, Canadian custody assets of $31.9 billion, and U.S. wealth management assets of $250.6 billion.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) today announced the final results of its substantial issuer bid (the “Offer”) under which it has purchased for cancellation 2,157,201 of its common shares (the “Shares”) at the purchase price of $18.25 per Share, for an aggregate purchase price of approximately $39.37 million. Shares purchased under the Offer represent approximately 1.48% of the issued and outstanding Shares at the time that the Offer was commenced. Immediately following the completion of the Offer, there are 143,545,084 Shares issued and outstanding.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) today announced the preliminary results of its substantial issuer bid (the “Offer”), which expired at 5:00 p.m. (Toronto Time) on October 3, 2024.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today that the Corporation has mailed a notice of variation and extension (the “Notice”) in connection with its previously announced intention to vary the terms of its substantial issuer bid (the “Offer”). The Offer is being varied to: (i) increase the price to $18.25 per common share (the “Shares”), increasing the total value of the Offer to up to $91.25 million; and (ii) as required by applicable U.S. securities laws, extend the expiry date of the Offer to 5:00 p.m. (Toronto time) on October 3, 2024, or such later date and time to which the Offer may be extended by CI Financial (such time on such date, the “Expiration Date”). All other terms of the Offer remain unchanged.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today the Corporation is varying the terms of its previously announced substantial issuer bid (the “Offer”). Under the terms of the Offer, the Corporation offered to purchase up to 5,000,000 of its outstanding common shares (the “Shares”) from its shareholders (“Shareholders”) at a price of $17.50 per Share for a total value of up to $87.5 million and the Offer was scheduled to expire at 5:00 p.m. (Toronto time) on October 1, 2024. The Offer is being varied to: (i) increase the price to $18.25 per Share, increasing the total value of the Offer to up to $91.25 million; and (ii) as required by applicable U.S. securities laws, extend the expiry date of the Offer to 5:00 p.m. (Toronto time) on October 3, 2024, or such later date and time to which the Offer may be extended by CI Financial (such time on such date, the “Expiration Date”). All other terms of the Offer remain unchanged.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $509.2 billion as at August 31, 2024, consisting of asset management assets of $133.1 billion, Canadian wealth management assets of $98.5 billion, Canadian custody assets of $31.0 billion, and U.S. wealth management assets of $246.5 billion.

CI Financial Corp. (“CI”) (TSX: CIX) announces that it has asked Morningstar DBRS to withdraw its issuer credit rating and debenture ratings on CI and its debt.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today it has commenced a substantial issuer bid (the “Offer”), pursuant to which the Corporation will offer to purchase up to 5,000,000 (the “Maximum Number of Shares”) of its outstanding common shares (the “Shares”) from holders of Shares (the “Shareholders”) for cash, at a purchase price of $17.50 per Share (the “Purchase Price”). As of August 23, 2024, there were 146,116,685 Shares issued and outstanding (which number includes 414,400 Shares that were previously purchased under the Company’s existing normal course issuer bid that have not yet been cancelled in the ordinary course). The Offer is for approximately 3.4% of the total number of issued and outstanding Shares.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $511.3 billion as at July 31, 2024, consisting of asset management assets of $133.3 billion, Canadian wealth management assets of $98.2 billion, Canadian custody assets of $30.3 billion, and U.S. wealth management assets of $249.4 billion. This marks the first time that CI’s total assets have surpassed the $500-billion milestone.

CI Financial Corp. (“CI”) (TSX: CIX) today released financial results for the quarter ended June 30, 2024.

CI Financial Corp. (“CI”) (TSX: CIX) announced today that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of CI’s common stock. The dividend will be payable on January 15, 2025 to shareholders of record as of December 31, 2024.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $489.1 billion as at June 30, 2024, consisting of asset management assets of $130.1 billion, Canadian wealth management assets of $95.6 billion, Canadian custody assets of $29.4 billion, and U.S. wealth management assets of $234.1 billion.

CI Financial Corp. (“CI”) (TSX: CIX) will release its financial results for the second quarter of fiscal 2024 on Thursday, August 8, 2024.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) today announced the final results of its substantial issuer bid (the “Offer”) under which it has purchased for cancellation 5,000,000 of its common shares (the “Shares”) at the purchase price of $15.50 per Share, for an aggregate purchase price of approximately $77.5 million. Shares purchased under the Offer represent approximately 3.3% of the issued and outstanding Shares at the time that the Offer was commenced. Immediately following the completion of the Offer, there are 146,383,085 Shares issued and outstanding.

CI Financial Corp. (“CI”) (TSX: CIX) announced today that the Toronto Stock Exchange (“TSX”) has accepted its Notice of Intention to make a Normal Course Issuer Bid and Automatic Securities Purchase Plan (“ASPP”).

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) today announced the preliminary results of its substantial issuer bid (the “Offer”), which expired at 5:00 p.m. (Toronto Time) on July 8, 2024.

CI Financial Corp. (the “Corporation”) announces the results of matters voted upon at its annual meeting of shareholders held earlier today.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $482.2 billion as at May 31, 2024, consisting of asset management assets of $129.5 billion, Canadian wealth management assets of $94.1 billion, Canadian custody assets of $28.6 billion, and U.S. wealth management assets of $230.1 billion.

CI Financial Corp. (“CI” or the “Company”) (TSX: CIX) today announced the pricing terms for the previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 4.100% Notes due 2051 (the “Notes”). Unless specified otherwise, references to “$” are to U.S. dollars. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase (as defined below).

CI Financial Corp. (“CI” or the “Company”) (TSX: CIX) today announced the early results of the previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 4.100% Notes due 2051 (the “Notes”). Unless specified otherwise, references to “$” are to U.S. dollars. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase (as defined below).

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today it has commenced a substantial issuer bid (the “Offer”), pursuant to which the Corporation will offer to purchase up to 5,000,000 (the “Maximum Number of Shares”) of its outstanding common shares (the “Shares”) from holders of Shares (the “Shareholders”) for cash, at a purchase price of $15.50 per Share (the “Purchase Price”). As of May 30, 2024, there were 151,383,085 Shares issued and outstanding. The Offer would be for approximately 3.3% of the total number of issued and outstanding Shares.

Please replace the release with the following corrected version due to revisions to the third paragraph.

CI Financial Corp. (“CI” or the “Company”) (TSX: CIX) today announced that it intends, subject to market and other conditions, to offer and sell (the “Offering”) in a private placement to eligible purchasers a series of its senior unsecured U.S.-dollar-denominated notes (the “Notes”).

CI Financial Corp. (“CI” or the “Company”) (TSX: CIX) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 4.100% Notes due 2051 (the “Notes”), as specified in the table below. Unless specified otherwise, references to “$” are to U.S. dollars. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase (as defined below).

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $467.9 billion as at April 30, 2024, consisting of asset management assets of $126.8 billion, Canadian wealth management assets of $92.3 billion, Canadian custody assets of $27.7 billion, and U.S. wealth management assets of $221.2 billion.

CI Financial Corp. (“CI”) (TSX: CIX) today released financial results for the quarter ended March 31, 2024.

CI Financial Corp. (“CI”) (TSX: CIX) announced today that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of CI’s common stock. The dividend will be payable on October 15, 2024 to shareholders of record as of September 30, 2024.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $474.2 billion as at March 31, 2024, consisting of asset management assets of $130.1 billion, Canadian wealth management assets of $93.7 billion, Canadian custody assets of $28.0 billion, and U.S. wealth management assets of $222.3 billion.

CI Financial Corp. (“CI”) (TSX: CIX) will release its financial results for the first quarter of fiscal 2024 on Friday, May 10, 2024.

CI Financial Corp. (“CI”) (TSX: CIX) announced today it will hold its Annual Meeting of Shareholders on June 26, 2024 at 2:00 p.m. EDT.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) today announced the final results of its substantial issuer bid (the “Offer”) under which it has purchased for cancellation 4,857,142 of its common shares (the “Shares”) at the purchase price of $17.50 per Share, for an aggregate purchase price of approximately $85 million. Shares purchased under the Offer represent approximately 3.11% of the issued and outstanding Shares at the time that the Offer was commenced. Immediately following the completion of the Offer, there are 151,383,085 Shares issued and outstanding.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today it has successfully obtained approval of certain previously announced amendments (the “Proposed Amendments”) from (i) holders (the “2025 Debentureholders”) of its 3.759% Debentures due 2025 (the “2025 Debentures”) issued under the second supplemental indenture (the “2019 Second Series Supplement”) to the trust indenture dated as of July 22, 2019, and (ii) holders (the “2027 Debentureholders”) of its 3.904% Debentures due 2027 (the “2027 Debentures”) issued under the sixth supplemental indenture (the “2009 Sixth Series Supplement”) to the trust indenture dated as of December 16, 2009.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) today announced the preliminary results of its substantial issuer bid (the “Offer”), which expired at 5:00 p.m. (Toronto Time) on April 2, 2024.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today that, in connection with its previously announced consent and proxy solicitation (“Consent and Proxy Solicitation”) seeking approval of certain proposed amendments (“Proposed Amendments”) from (i) holders (the “2025 Debentureholders”) of its 3.759% Debentures due 2025 (the “2025 Debentures”) issued under the second supplemental indenture (the “2019 Second Series Supplement”) to the trust indenture dated as of July 22, 2019, and (ii) holders (the “2027 Debentureholders”) of its 3.904% Debentures due 2027 (the “2027 Debentures”) issued under the sixth supplemental indenture (the “2009 Sixth Series Supplement”) to the trust indenture dated as of December 16, 2009, the meeting of the 2025 Debentureholders and the meeting of the 2027 Debentureholders will be held in person on April 4, 2024 at 10:00 a.m. (Toronto time) and 10:30 a.m. (Toronto time), respectively, at 199 Bay Street, Suite 5300, Commerce Court West, Toronto, Ontario.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $465.9 billion as at February 29, 2024, consisting of asset management assets of $128.0 billion, Canadian wealth management assets of $91.9 billion, Canadian custody assets of $27.1 billion, and U.S. wealth management assets of $218.9 billion.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today it has called a meeting of the (i) holders (the “2025 Debentureholders”) of its 3.759% Debentures due 2025 (the “2025 Debentures”) issued under the second supplemental indenture (the “2019 Second Series Supplement”) to the trust indenture dated as of July 22, 2019, and (ii) holders (the “2027 Debentureholders”) of its 3.904% Debentures due 2027 (the “2027 Debentures”), issued under the sixth supplemental indenture (the “2009 Sixth Series Supplement”) to the trust indenture dated as of December 16, 2009, and that it has also commenced a solicitation of written consents and proxies (the “Consent and Proxy Solicitation”), to approve certain amendments to both the 2019 Second Series Supplement and the 2009 Sixth Series Supplement (together, the “Supplements” and each a “Supplement”).

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today it has commenced its previously announced substantial issuer bid (the “Offer”), pursuant to which the Corporation will offer to purchase up to 4,857,142 (the “Maximum Number of Shares”) of its outstanding common shares (the “Shares”) from holders of Shares (the “Shareholders”) for cash, at a purchase price of $17.50 per Share (the “Purchase Price”). As of February 23, 2024, there were 156,240,227 Shares issued and outstanding. The Offer would be for approximately 3.11% of the total number of issued and outstanding Shares.

CI Financial Corp. (“CI”) (TSX: CIX) today released financial results for the quarter and year ended December 31, 2023.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $450.8 billion as at January 31, 2024, consisting of asset management assets of $124.8 billion, Canadian wealth management assets of $89.2 billion, Canadian custody assets of $26.0 billion, and U.S. wealth management assets of $210.7 billion.

CI Financial Corp. (“CI”) (TSX: CIX) will release its financial results for the fourth quarter of fiscal 2023 on Friday, February 23, 2024.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $444.8 billion as at December 31, 2023, consisting of asset management assets of $125.0 billion, Canadian wealth management assets of $88.0 billion, Canadian custody assets of $25.6 billion, and U.S. wealth management assets of $206.3 billion.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $438.0 billion as at November 30, 2023, consisting of asset management assets of $122.8 billion, Canadian wealth management assets of $86.1 billion, Canadian custody assets of $24.8 billion, and U.S. wealth management assets of $204.4 billion.

CI Financial Corp. (“CI”) (TSX: CIX) announces that Darie Urbanky, President, Chief Operating Officer and Head of CI Global Asset Management (“CI GAM”), has decided to retire on or before December 31, 2024.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) today announced the final results of its substantial issuer bid (the “Offer”) under which it has purchased for cancellation 6,544,502 of its common shares (the “Shares”) at a purchase price of $15.28 per Share, for an aggregate purchase price of approximately $100 million. Shares purchased under the Offer represent approximately 4.0% of the issued and outstanding Shares at the time that the Offer was commenced. Immediately following the completion of the Offer, there are 156,240,227 Shares issued and outstanding.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) today announced the preliminary results of its substantial issuer bid (the “Offer”), which expired at 5:00 p.m. (Toronto Time) on December 18, 2023.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today that, in connection with the Corporation’s ongoing substantial issuer bid (the “Offer”), the Ontario Securities Commission has granted an exemptive relief order permitting CI Financial to extend the Offer, if it determines to do so in circumstances where the Offer is undersubscribed, without first taking up any common shares (the “Shares”) previously deposited to the Offer. The relief relates to the “modified Dutch auction” format of the Offer.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $420.7 billion as at October 31, 2023, consisting of asset management assets of $117.1 billion, Canadian wealth management assets of $80.7 billion, Canadian custody assets of $23.4 billion, and U.S. wealth management assets of $199.4 billion.

CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today it has commenced its previously announced substantial issuer bid (the “Offer”), pursuant to which the Corporation will offer to purchase up to $100 million in value of its outstanding common shares (the “Shares”) from holders of Shares (the “Shareholders”) for cash, at a single price per Share (not less than $13.64 per Share and not more than $15.28 per Share) (the “Purchase Price”). As of November 9, 2023, there were 162,784,729 Shares issued and outstanding. The Offer would be for approximately 4.5% of the total number of issued and outstanding Shares if the Purchase Price is determined to be $13.64 (which is the minimum price per Share under the Offer) or approximately 4.0% of the total number of issued and outstanding Shares if the Purchase Price is determined to be $15.28 (which is the maximum price per Share under the Offer).

CI Financial Corp. (“CI”) (TSX: CIX) today released financial results for the quarter ended September 30, 2023.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $421.0 billion as at September 30, 2023, consisting of asset management assets of $119.0 billion, Canadian wealth management assets of $81.5 billion, Canadian custody assets of $23.4 billion, and U.S. wealth management assets of $197.0 billion.

CI Financial Corp. (“CI”) (TSX: CIX) will release its financial results for the third quarter of fiscal 2023 on Thursday, November 9, 2023.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $431.9 billion as at August 31, 2023, consisting of asset management assets of $122.7 billion, Canadian wealth management assets of $83.7 billion, Canadian custody assets of $23.9 billion, and U.S. wealth management assets of $201.6 billion.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $430.3 billion as at July 31, 2023, consisting of asset management assets of $123.7 billion, Canadian wealth management assets of $83.9 billion, Canadian custody assets of $23.5 billion, and U.S. wealth management assets of $199.2 billion.

CI Financial Corp. (“CI”) (TSX: CIX) today released financial results for the quarter ended June 30, 2023.

CI Financial Corp. (“CI”) (TSX: CIX) will release its financial results for the second quarter of fiscal 2023 on Thursday, August 10, 2023.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $398.9 billion as at June 30, 2023, consisting of asset management assets of $122.4 billion, Canadian wealth management assets of $82.6 billion, and U.S. wealth management assets of $194.0 billion.

CI Financial Corp. (the “Corporation”) announces the results of matters voted upon at its annual meeting of shareholders held earlier today.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $400.9 billion as at May 31, 2023, representing a record for the firm. Total assets consisted of asset management assets of $120.8 billion, Canadian wealth management assets of $81.1 billion, and U.S. wealth management assets of $198.9 billion.

CI Financial Corp. (“CI”) (TSX: CIX) announced today that the Toronto Stock Exchange (“TSX”) has accepted its Notice of Intention to make a Normal Course Issuer Bid and Automatic Securities Purchase Plan (“ASPP”).

CI Financial Corp. (“CI”) (TSX: CIX) today announced that it has repurchased $234,775,000 of its outstanding 3.215% Debentures due 2024, $370,762,000 of its outstanding 3.759% Debentures due 2025 and $97,531,000 of its outstanding 3.904% Debentures due 2027 pursuant to the terms of its previously announced offers to purchase.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $394.9 billion as at April 30, 2023, a record for CI. The total consisted of asset management assets of $123.4 billion, Canadian wealth management assets of $82.6 billion, and U.S. wealth management assets of $188.9 billion.

CI Financial Corp. (“CI”) (TSX: CIX) today released financial results for the quarter ended March 31, 2023.

CI Financial Corp. (“CI”) (TSX: CIX) announced today that it has agreed to sell a 20% minority investment in its U.S. wealth management business (“CI US”) to a diversified group of leading institutional investors, including a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Bain Capital, Flexpoint Ford, Ares Management funds, the State of Wisconsin, and others (collectively, the “Investors”).

CI Financial Corp. (“CI”) (TSX: CIX) announced today it has reached an agreement to sell its minority stake in Congress Wealth Management, LLC (“Congress”) to Audax Private Equity.

CI Financial Corp. (“CI”) (TSX: CIX) will release its financial results for the first quarter of fiscal 2023 on Thursday, May 11, 2023.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $391.1 billion as at March 31, 2023, consisting of asset management assets of $122.0 billion, Canadian wealth management assets of $81.6 billion, and U.S. wealth management assets of $187.5 billion.

CI Financial Corp. (“CI”) (TSX: CIX) announced today it will hold its Annual Meeting of Shareholders on June 27, 2023 at 2 p.m. EDT.