TORONTO — 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
TORONTO -- 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. Read More
