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CIXX - CIXX STOCK NEWS

Welcome to our dedicated page for CIXX news (Ticker: CIXX), a resource for investors and traders seeking the latest updates and insights on CIXX stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CIXX's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CIXX's position in the market.

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CI Global Asset Management has announced regular cash distributions for August 2021 across various CI ETFs. Distributions will be paid on or before August 31, 2021, to unitholders of record on August 25, 2021. The ex-dividend date for most ETFs is August 24, 2021, except for CI High Interest Savings ETF, which has an ex-dividend date of August 25, 2021. The distributions vary by ETF, with amounts ranging from $0.0150 to $0.0860 per unit. Investors can choose to enroll in the CI Distribution Reinvestment Plan (DRIP) to automatically reinvest their cash distributions.

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CI Financial Corp reported preliminary assets under management of $146.8 billion and total assets of $309.3 billion as of July 31, 2021. Core assets in Canada and Australia increased by 1.2% month-over-month, while U.S. assets rose by 4.5%, indicating strong growth in wealth management. The overall wealth management assets reached $162.6 billion, up 2.1% from June. This growth comes amidst ongoing acquisitions, aiming to enhance CI's market presence.

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CI Global Asset Management announced a change in the risk rating for the CI Global Alpha Innovation ETF, now rated as “Medium” instead of “Medium-to-High.” This adjustment is effective immediately and is based on the Canadian Securities Administrators' risk classification methodology, aimed at better reflecting the ETF's standard deviation. The CI Global Alpha Innovation ETF is set to trade on the Toronto Stock Exchange starting August 17, 2021, under tickers CINV and CINV.U.

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CI Financial Corp. (TSX: CIX; NYSE: CIXX) has achieved Great Place to Work® certification after an independent analysis by the Great Place to Work Institute® Canada. The certification reflects employee feedback from a comprehensive survey, highlighting the company’s commitment to enhancing the workplace experience. CEO Kurt MacAlpine emphasized the importance of employee engagement during recent challenges and the company's efforts to support staff through expanded benefits. CI manages approximately C$304 billion (US$245 billion) in client assets as of June 30, 2021.

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CI Financial Corp. (CI) reported strong financial results for Q2 2021, achieving record adjusted earnings per share of 0.75, a 25% increase year-over-year. Total assets surpassed $300 billion, with significant contributions from U.S. wealth management assets, which reached approximately $91 billion after acquiring five firms, adding $50 billion in assets. Revenue grew 39% to $662.4 million, primarily driven by higher average core assets under management. CI also expanded its product offerings, including access to major cryptocurrencies through ETFs and mutual funds.

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CI Financial Corp. (TSX: CIX; NYSE: CIXX) will acquire Budros, Ruhlin & Roe, a top wealth management firm with US$3.4 billion in assets. This strategic move aims to enhance CI's U.S. Private Wealth division, expanding its presence in the Midwest. Following the deal, CI's U.S. wealth assets are projected to reach approximately US$74 billion, contributing to a total of about US$251 billion globally. The acquisition is expected to close in Q4 2021, pending regulatory approval.

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CI Financial Corp. (TSX: CIX; NYSE: CIXX) will release its Q2 2021 financial results on August 10, 2021. CEO Kurt MacAlpine and CFO Amit Muni will host a conference call for analysts at 10:00 AM ET, accessible via webcast or by phone (Passcode: 1076852). CI managed approximately C$304 billion (US$245 billion) in client assets as of June 30, 2021. The company provides global asset and wealth management services across various platforms.

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CI Global Asset Management (CI GAM) has announced immediate changes to the risk ratings of certain investment funds, following their annual review. The risk level adjustments are based on regulatory guidelines and do not affect the investment strategies. The firm is also rebranding several funds to unify them under the CI name and reflect their investment mandates better. Additionally, two fund mergers have been completed, consolidating assets into the Cambridge Global High Income Fund, which will be renamed CI Global Equity & Income Fund.

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CI Financial Corp. reported preliminary assets under management of $144.8 billion and total assets of $304.0 billion as of June 30, 2021. The recent acquisition of Dowling & Yahnke added $7.1 billion in wealth management assets. Notably, CI experienced its first quarter of positive asset management segment net sales since Q3 2017, with $0.4 billion in net sales for Q2 2021, the strongest since Q3 2015. The CEO highlighted strategic enhancements made in the past 18 months, positioning CI for sustained sales growth.

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FAQ

What is the market cap of CIXX (CIXX)?

The market cap of CIXX (CIXX) is approximately 2.1B.

CIXX

NYSE:CIXX

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2.10B
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