Welcome to our dedicated page for Compx Inter news (Ticker: CIX), a resource for investors and traders seeking the latest updates and insights on Compx Inter stock.
Compx International Inc. (CIX) delivers essential security systems and marine components to industries ranging from healthcare to marine manufacturing. This dedicated news hub provides investors and industry professionals with centralized access to corporate developments, financial updates, and operational milestones.
Track CIX's latest earnings reports, product innovations, and strategic partnerships through verified press releases and third-party analysis. Our curated feed ensures timely updates on security product advancements, marine component engineering breakthroughs, and market expansion initiatives.
Key coverage areas include quarterly financial disclosures, leadership announcements, manufacturing facility updates, and industry recognition. The resource eliminates the need to monitor multiple sources while maintaining strict adherence to factual reporting standards.
Bookmark this page for efficient monitoring of CIX's evolving role in specialty manufacturing. Combine real-time alerts with historical context to better understand the company's market trajectory.
CI Global Asset Management has launched the ETF US$ Hedged Series of the CI Munro Alternative Global Growth Fund, trading on the Toronto Stock Exchange under the ticker CMAG.U. This fund aims to achieve risk-adjusted, absolute returns by investing in global growth equities while prioritizing capital preservation. Munro Partners, a Melbourne-based investment team, is the sub-advisor. The new series is part of CI GAM's dual-class fund structure initiative, which offers advantages such as reduced fund duplication and improved performance consistency.
CI Financial Corp. (CIX, CIXX) has announced the redemption price for its $200 million 2.775% debentures due on November 25, 2021. The redemption date is set for January 18, 2021, with a redemption price of $101.903 per $100 principal amount, plus accrued interest of $0.403 prior to the redemption date. CI Financial manages approximately C$231 billion (US$182 billion) in assets as of December 31, 2020, and operates in global asset management and wealth advisory services.
CI Financial Corp. (CIX, CIXX) announced a US$260 million re-opening of its 3.200% notes due 2030, increasing the total principal to US$960 million. The Additional Notes will share identical terms with existing notes issued on December 17, 2020. Proceeds will be used to redeem C$325 million of 3.520% debentures due July 20, 2023. The offering, managed by BofA Securities and J.P. Morgan, is expected to close on January 19, 2021. It is registered with the SEC and will not be offered in Canada.
CI Financial Corp. (CIX, CIXX) reported a preliminary total of $231.5 billion in assets as of December 31, 2020, marking a 27.1% increase year-over-year. Wealth management assets reached $96.6 billion, growing by 91.3% year-over-year. The company completed the acquisition of four U.S. wealth management firms, adding $12.3 billion in assets and boosting U.S. wealth management to $29 billion. Additionally, CI successfully issued US$700 million in bonds and reported a 1.5% increase in assets under management for December.
CI Financial Corp. has successfully completed the acquisition of four U.S. registered investment advisory firms, increasing its U.S. wealth management assets by approximately US$9.4 billion to a total of US$22 billion. The acquired firms include RGT Wealth Advisors, The Roosevelt Investment Group, Doyle Wealth Management, and Stavis & Cohen Financial, all finalizing on December 31, 2020. This acquisition strategy has positioned CI as one of the fastest-growing RIA platforms, expanding its total assets under management to approximately C$228 billion (US$175 billion).
CI Financial Corp. (CIX, CIXX) announced plans to redeem all outstanding 2.775% debentures worth $200 million, maturing on November 25, 2021, on or about January 18, 2021. The redemption price will either be the Canada Yield Price or par, plus accrued interest. CEO Kurt MacAlpine highlighted that this move is aimed at reducing leverage and saving on interest expenses. CI manages approximately $216 billion in client assets as of November 30, 2020, emphasizing its position in global asset and wealth management.
CI Global Asset Management (CI GAM) announced that its funds, holding approximately 14.11% of Great Canadian Gaming Corporation's shares, will vote against the proposed arrangement plan with Apollo Global Management. CI GAM currently manages 7,897,552 common shares of the Corporation. No further comments on the Plan will be provided at this time.
CompX International announced a regular quarterly dividend of $0.10 per share on its class A common stock, set for payment on December 8, 2020. Stockholders of record will be identified as of the close of business on December 1, 2020. Based in Dallas, CompX is recognized for manufacturing security products and recreational marine components.
CompX International reported sales of $28.4 million for Q3 2020, down from $29.7 million in Q3 2019. Operating income fell to $2.1 million from $4.3 million year-over-year. Net income was $1.8 million, or $0.15 per diluted share, compared to $3.9 million, or $0.31 per diluted share in Q3 2019. For the nine months ending September 30, 2020, sales dropped to $84.5 million, down from $94.6 million in 2019. The COVID-19 pandemic has adversely affected operations and customer demand.
CompX International has declared a quarterly dividend of $0.10 per share on its class A common stock. This dividend will be payable on September 8, 2020, to stockholders of record at the close of business on September 1, 2020. CompX is recognized for its manufacturing of security products and recreational marine components.
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