CIXX Stock Price, News & Analysis

CI Global Asset Management has announced cash distributions for various exchange-traded funds (ETFs) for the month ending January 31, 2023. Unitholders of record as of January 25, 2023, will receive these distributions, with an ex-dividend date of January 24, 2023 (or January 25 for the CI High Interest Savings ETF). Distribution amounts vary among funds, with the CI Yield Enhanced Canada Aggregate Bond Index ETF (CAGG) distributing $0.0718 per unit and CI High Interest Savings ETF (CSAV) distributing $0.2071 per unit. The distribution will be paid in cash unless enrolled in the Distribution Reinvestment Plan (DRIP).

CI Global Asset Management (CI GAM) has proposed a merger between CI Global Equity Income Private Pool Class and CI Global Concentrated Equity Private Pool. This strategic move aims to streamline its product line and enhance efficiency. Both funds have similar investment objectives with a Medium risk rating. CI GAM anticipates the merger will lead to a larger asset base, improved diversification, and lower management fees for investors. Additionally, a risk rating adjustment was announced for the CI Tech Giants Covered Call ETF, shifting from Medium to Medium-to-High. Securityholder meetings are set for March 22, 2023, with merger implementation expected post-approval.

CI Global Asset Management has announced reinvested distributions for the JFT Strategies Fund for the year ending December 31, 2022. The distributions will be paid by January 13, 2023, to holders of record as of December 30, 2022. For Class A units, the confirmed reinvested distribution is $2.0671 per unit, while Class F units have a distribution of $2.4325. The actual taxable amounts will be reported to brokers and posted on CI's website in early 2023. CI Global Asset Management is a subsidiary of CI Financial Corp., managing approximately $384.9 billion in assets as of November 30, 2022.

CI Global Asset Management has announced reinvested distributions for several ETFs, effective December 30, 2022, for unitholders on record as of December 29, 2022. Notably, these distributions will be reinvested rather than paid out in cash, resulting in an immediate consolidation of units held by investors. The funds affected include CI Digital Security ETF (CBUG), CI Global Investment Grade ETF (CGIN, CGIN.U), and others, each with specified distribution amounts. CI Global Asset Management is part of CI Financial Corp., managing approximately $384.9 billion in assets as of November 30, 2022.

CI Financial Corp. (CIXX) announced its intention to voluntarily delist from the NYSE, effective on or about January 19, 2023. This decision follows the company's progress toward an IPO for its U.S. business, allowing CI to focus on operations in its respective markets. CI will continue trading on the Toronto Stock Exchange (CIX) and aims to suspend its reporting obligations under the Exchange Act. The firm currently manages approximately $384.9 billion in assets as of November 30, 2022, and will maintain its reporting issuer status in Canada.

CI Global Asset Management has confirmed the annual reinvested capital gains distributions for its ETFs for the 2022 tax year. The reinvested distributions will mainly consist of capital gains and excess net income, primarily reinvested rather than paid in cash, except for the CI High Interest Savings ETF. Investors outside registered plans will report taxable amounts and see an increase in their investment's adjusted cost base. Distributions are set to occur around December 30, 2022, with actual taxable amounts detailed by early 2023.

CI Global Asset Management announced a change in the risk rating for the CI MSCI International Low Risk Weighted ETF (Ticker: RWX), shifting from Medium to Low-to-Medium. This modification is effective immediately and follows the guidelines set by the Canadian Securities Administrators for mutual funds and ETFs. CI GAM reviews risk ratings annually or upon material changes, ensuring no adjustment in investment objectives or management of the ETF.

CI Financial Corp. (NYSE: CIXX) has submitted a confidential draft registration statement on Form S-1 to the SEC for a proposed initial public offering (IPO) of common stock of CI US Holdings Inc. The details regarding the number of shares and pricing are still undetermined. The IPO is anticipated to happen post-SEC review, contingent on market conditions. This announcement responds to inquiries about the status of the submission. The release underscores that this is not an offer to sell or solicit securities.

CI Financial Corp (NYSE: CIXX) reported record preliminary total assets of $384.9 billion as of November 30, 2022, marking a 5.6% increase from $364.4 billion in October and 16.5% growth compared to $330.5 billion a year earlier. The assets include $121.7 billion in asset management, $79.9 billion in Canadian wealth management, and $183.3 billion in U.S. wealth management. The acquisition of Kore Private Wealth was finalized on November 10, 2022.