CIXX - CIXX STOCK NEWS

CI Financial Corp. (TSX: CIX, NYSE: CIXX) reported mixed financial results for Q3 2022, with diluted EPS of $0.08 and adjusted EPS of $0.73. EBITDA was $117.1 million, while adjusted EBITDA reached $237.5 million. Total assets increased by 1.3% over Q2 to $338.0 billion. Net income fell sharply to $14.9 million from $156.2 million in Q2, attributed to lower revenues due to declining global financial asset values. Despite a 36.9% increase in total expenses, the firm successfully repurchased 5.6 million shares for $79.8 million and paid a quarterly dividend of $0.18.

CI Global Asset Management has launched two new global fixed-income mandates aimed at providing Canadian investors with enhanced income and diversification options. The newly introduced funds are the CI Global Investment Grade ETF (trading under CGIN and CGIN.U) and the CI Global Bond Currency Neutral Fund (trading under CGBN). CI GAM's expertise in managing $26 billion in fixed-income assets is emphasized, with both funds offering low risk ratings and monthly distributions to investors.

CI Financial Corp. (NYSE: CIXX) is set to release its third quarter financial results on November 10, 2022, at 9:00 a.m. EST. The announcement will be followed by a conference call with CEO Kurt MacAlpine and CFO Amit Muni. Investors can access the live webcast through CI's website and listen to the call using provided toll-free numbers. As of September 30, 2022, CI Financial manages approximately C$338 billion in client assets, highlighting its position as a leading asset and wealth management firm.

CI Financial Corp reported preliminary total assets of $338.1 billion as of September 30, 2022. Asset management assets accounted for $114.2 billion, while Canadian and U.S. wealth management assets stood at $74.0 billion and $149.9 billion, respectively. The firm achieved $0.2 billion in net sales during Q3 2022, primarily due to positive flows in Canadian retail, which saw net sales of $0.6 billion. The overall asset management segment experienced a -2.3% decline from the previous month.

CI Global Asset Management (CI GAM) announces regular cash distributions for various CI ETFs for October 2022. Distributions will be paid by October 31, 2022, to unitholders of record on October 25, 2022. Notably, CI Canadian Convertible Bond ETF (CXF) will distribute $0.0400, while CI High Interest Savings ETF (CSAV) will provide the highest at $0.1560 per unit. The ex-dividend date varies, with most ETFs on October 24. CI GAM promotes its Distribution Reinvestment Plan (DRIP) to support investor needs.

CI Financial Corp (CIXX) reported preliminary total assets of $345.9 billion as of August 31, 2022. This figure includes $119.0 billion in asset management, $76.6 billion in Canadian wealth management, and $150.4 billion in U.S. wealth management. Compared to July 2022, total assets decreased by 0.7%, while year-over-year growth shows a 10.3% increase from $313.5 billion in August 2021. The average assets under management (AUM) for August 2022 stood at $121.9 billion, indicating a 3.5% rise from July 2022.

CI Global Asset Management (CI GAM) has announced cash distributions for various CI ETFs for the month ending September 30, 2022. Payments will be made on or before September 29, 2022, to unitholders of record as of September 23, 2022, with an ex-dividend date of September 22, 2022, for most ETFs. Notable distribution amounts include $0.3901 for CI Tech Giants Covered Call ETF (TXF) and $0.2216 for CI Gold+ Giants Covered Call ETF (CGXF). Investors can also enroll in the Distribution Reinvestment Plan (DRIP) to automatically reinvest these distributions.