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.
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Sterling Mutuals and Snap Projections have formed a partnership to enhance financial planning services for advisors. They have developed an API that integrates Sterling’s back office with Snap Projections software, streamlining client information updates. This integration aims to reduce manual errors and improve planning accuracy, ultimately enhancing client experiences. Sterling Mutuals, a leading independent financial services dealer in Canada, supports this advancement as part of their commitment to providing efficient platforms for their advisors.
CI Global Asset Management has partnered with CapIntel to enhance its wealth management services through technology. This user agreement will enable CI GAM's wholesalers to improve efficiency in fund analysis and client proposals, aligning with the recent know-your-product regulations in Canada. CI GAM serves approximately 1.4 million investors and offers a wide range of investment solutions. This partnership reflects a strategic move to integrate advanced fintech into operational processes, supporting CI GAM's growth and commitment to innovation.
CI Global Asset Management announced regular cash distributions for its ETFs for May 2022. Payments will occur on or before May 31, 2022, to unitholders recorded on May 25, 2022. The ex-dividend date is set for May 24, 2022, except for the CI High Interest Savings ETF, which has an ex-dividend date of May 25, 2022. Notable distributions include: CXF at $0.0400, FGB at $0.0263, and FPR at $0.0768. CI also promotes its Distribution Reinvestment Plan (DRIP) for reinvesting cash distributions.
CI Financial Corp. (NYSE: CIXX) reported strong financial results for Q1 2022, including a diluted EPS of $0.70 and adjusted EPS of $0.85. The company achieved a pre-tax income of $186 million and an adjusted EBITDA of $273 million, with cash flow from operations reaching $207 million. CI reduced its debt by $246 million and maintained robust free cash flow of $201 million. The firm is expanding its wealth management segment, particularly in the U.S. and Canada, with plans to acquire three registered investment advisors managing over $21 billion in assets.
CI Financial Corp. (NYSE: CIXX) has released its quarterly data for 2021, detailing new segment reporting and updates on its U.S. wealth management unit, CI Private Wealth. As of March 31, 2022, CI managed approximately $370.2 billion in client assets. The company mentioned that its operations are subject to various market risks, including interest rate fluctuations and regulatory changes, which could impact its future performance. For more information, visit CI's Investor Relations page.
CI Financial Corp. has applied for a charter to establish a new trust company in South Dakota, named CI Trust. This move aims to enhance its wealth management platform by providing administrative trust solutions tailored for ultra-high and high-net-worth clients. Since entering the U.S. market in January 2020, CI has quickly gained traction, managing approximately US$134 billion in assets. The new trust company is part of a broader strategy to solidify CI’s position as a top wealth management firm.
CI Global Asset Management (CI GAM) announced reinvested distributions for several ETFs, effective on or about May 10, 2022. These distributions will be reinvested instead of paid in cash, with units immediately consolidated, maintaining the number of units held by investors. ETFs involved include CI Energy Giants Covered Call ETF and CI Gold Bullion Fund, with specific reinvested distribution amounts for different ticker symbols. CI Global Asset Management, a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), manages
CI Global Asset Management has launched two new ETFs: the CI Galaxy Blockchain ETF (CBCX) and the CI Galaxy Metaverse ETF (CMVX), which are now trading on the Toronto Stock Exchange. Each ETF has a management fee of 0.50%. These ETFs aim to provide investors with diversified exposure to the transformative sectors of blockchain and the metaverse, tracking indexes created in collaboration with Galaxy Digital. The launch reflects CI GAM's commitment to expanding its innovative ETF offerings, now totaling over 80 across various investment themes.
CI Financial Corp reported preliminary assets under management totaling
CI Global Asset Management has announced reinvested distributions for various ETFs, which will take effect on May 6, 2022. Unitholders as of May 5, 2022, will have their distributions reinvested, leading to an immediate consolidation of units without changing the total number held. Key ETFs affected include CI Global Financial Sector ETF (FSF) with a reinvested amount of $0.36886, CI Morningstar Canada Momentum Index ETF (WXM) at $0.39447, and CI WisdomTree U.S. Quality Dividend Growth Index ETFs (DGR.B) at $0.32350, among others.
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