CI Fiscal Applies for NYSE Listing as U.S. Wealth Method Gains Momentum

TORONTO–(Business WIRE)–CI Financial Corp. (“CI”) (TSX: CIX), one particular of Canada’s biggest expenditure and wealth management companies, introduced right now that it has utilized to list its prevalent shares on the New York Stock Exchange (the “NYSE”).

“The timing for this listing helps make feeling, given the quick progress in our U.S. prosperity management organization,” said Chief Executive Officer Kurt MacAlpine. “As we continue on to execute on our strategic priority to globalize our firm, listing CI’s widespread shares on the NYSE will broaden our trader base and maximize our company profile in the U.S. sector.

“It will also support the ongoing acquisition of U.S. prosperity management corporations by enabling us to provide CI Economic stock as element of the order selling price, an beautiful option for several sellers,” Mr. MacAlpine mentioned.

CI is building its U.S. wealth administration presence via the acquisition of high quality corporations in the increasing U.S. registered expenditure advisor (RIA) sector. Considering the fact that getting into the U.S. current market in February 2020, CI has turn into a single of the fastest-rising RIA platforms, attaining US$13 billion in belongings by means of 10 acquisitions (7 direct purchases and three indirect transactions manufactured by the affiliated RIAs) as at November 5, 2020. CI is actively trying to find additional acquisitions to mature this business.

In relationship with the intended listing on the NYSE, the Company has submitted a registration assertion on Kind 40-F (the “Registration Statement”) with the United States Securities and Trade Commission (the “SEC“). Any listing of CI’s typical shares on the NYSE will be subject to the SEC declaring the Registration Assertion successful and CI attaining the approval of the NYSE and the satisfaction of all relevant listing and regulatory demands. CI simply cannot offer any assurance that it will be effective in reaching a listing of its frequent shares on the NYSE.

CI’s RIA holdings incorporate agreements to get Bowling Portfolio Management LLC of Cincinnati, Ohio, and Stavis & Cohen Economic LLC of Houston, Texas. It also has ownership passions in:

  • Balasa Dinverno Foltz LLC of Itasca, Illinois
  • The Cabana Team, LLC, of Fayetteville, Arkansas
  • Congress Prosperity Administration, LLC of Boston, Massachusetts
  • A person Cash Administration, LLC, of Westlake Village, California
  • Surevest, LLC, of Phoenix, Arizona.

About CI Financial

CI Economic Corp. (TSX: CIX) is an unbiased company supplying world asset management and wealth management advisory solutions with roughly $202 billion in property as at Oct 31, 2020. CI’s most important asset management companies are CI International Asset Administration (CI Investments Inc.) and GSFM Pty Ltd., and it operates in prosperity administration through Assante Wealth Administration (Canada) Ltd., CI Personal Counsel LP, Aligned Money Partners Inc., CI Direct Investing (WealthBar Fiscal Companies Inc.), CI Expenditure Products and services Inc., Balasa Dinverno Foltz LLC, The Cabana Group, LLC, Congress Wealth Management, LLC, 1 Money Management, LLC and Surevest LLC. More info is readily available at www.cifinancial.com.

All monetary amounts in Canadian bucks except if or else specified.

CI World-wide Asset Management is a registered enterprise identify of CI Investments Inc.

This push launch incorporates forward-looking statements concerning expected long run situations, benefits, instances, general performance or expectations with regard to CI Money Corp. (“CI”) and its goods and companies, which includes its small business functions, tactic and economical performance and condition. Forward-on the lookout statements are commonly recognized by text these as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan” and “project” and similar references to potential durations, or conditional verbs this kind of as “will”, “may”, “should”, “could” or “would”. Forward-looking statements in this push launch incorporate statements about CI’s globalization and acquisition strategies, the likely listing of CI’s popular shares on the NYSE, the gratification of any circumstances relating thereto and the potential influence thereof on CI’s investor foundation, company profile and acquisition method. These statements and other forward-searching statements are not historical info but instead represent administration beliefs with regards to upcoming situations, several of which by their mother nature are inherently uncertain and over and above management’s management. Though administration thinks that the anticipations mirrored in these types of forward-looking statements are based mostly on fair assumptions, this kind of statements contain dangers and uncertainties. The substance components and assumptions used in reaching the conclusions contained in these forward-searching statements incorporate that the expenditure fund field will continue to be stable and that curiosity fees will remain reasonably stable. Components that could result in real effects to vary materially from anticipations contain, among the other things, basic economic and marketplace circumstances, including fascination and overseas trade rates, world economic markets, modifications in government regulations or in tax legal guidelines, marketplace competition, technological developments and other things described or mentioned in CI’s disclosure elements submitted with relevant securities regulatory authorities from time to time. The foregoing record is not exhaustive and the reader is cautioned to contemplate these and other aspects diligently and not to put undue reliance on forward-seeking statements. Other than as especially necessary by applicable regulation, CI undertakes no obligation to update or alter any forward-hunting assertion immediately after the date on which it is manufactured, no matter if to mirror new facts, potential functions or in any other case.