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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 Financial Corp. (NYSE:CIXX) will release its Q1 2022 financial results on May 12, 2022. The call will commence at 9:00 a.m. EDT, featuring CEO Kurt MacAlpine and CFO Amit Muni. Investors can access the live webcast on CI's website or by calling designated numbers for participants in Canada, the U.S., and other locations. As of February 28, 2022, CI managed approximately C$370.2 billion (US$292.1 billion) in client assets, covering a wide spectrum of global wealth and asset management services.

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CI Global Asset Management has launched its CI Floating Rate Income Fund ETF C$ Series on the Toronto Stock Exchange under the ticker CFRT. With a management fee of just 0.35%, the fund offers Canadian investors low-cost exposure to floating rate securities, aiming to provide a hedge against rising interest rates. As of March 31, 2022, the fund was the top performer in its category over three years, with a five-star rating from Morningstar Canada. Additionally, the risk rating for the CI MSCI Europe Low Risk Weighted ETF (RWE.B) has changed from Low-to-Medium to Medium.

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CI Global Asset Management has announced regular cash distributions for its ETFs for April 2022. Cash distributions will be paid on or before April 29, 2022, to unitholders of record on April 25, 2022, with an ex-dividend date of April 22, 2022, for most ETFs. Notable distribution amounts include: CXF at $0.0400, FGB at $0.0257, and FPR at $0.0768. The CI Distribution Reinvestment Plan (DRIP) is available for investors who wish to reinvest cash distributions. CI Financial Corp., the parent company, holds $370.2 billion in assets as of February 28, 2022.

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CI Global Asset Management has successfully merged 21 mutual funds and six exchange-traded funds (ETFs) into other investment funds, effective after the close of business on April 8, 2022. As part of this initiative, the CI Global High Yield Credit Private Pool will commence trading today on the Toronto Stock Exchange (TSX) under the ticker symbols CGHY and CGHY.U. The mergers aim to streamline CI GAM’s fund lineup and enhance business efficiency, with all merger costs absorbed by CI GAM. The investment strategy focuses on higher-yielding fixed-income securities worldwide.

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The Board of Directors of CI Financial Corp (NYSE: CIXX) announced plans to sell up to 20% of its U.S. wealth management business via an initial public offering (IPO). CI aims to submit a Form S-1 to the U.S. Securities and Exchange Commission this year. Since entering the U.S. market in 2020, this segment has grown to become CI's largest by assets, projected to reach approximately US$133 billion. The IPO proceeds will be used to pay down debt, with CI remaining the majority shareholder.

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CI Financial Corp. has announced its Annual Meeting of Shareholders scheduled for June 22, 2022, at 2 p.m. EDT. The meeting will be conducted virtually, allowing shareholders to vote and ask questions in real time. Shareholders recorded as of May 2, 2022, can participate. Key materials like the Notice of Meeting and Management Information Circular will be mailed in mid-May and available on CI’s Investor Relations site.

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CI Global Asset Management announced the upcoming mergers of several funds, effective on or about April 8, 2022. This follows earlier announcements on November 29, 2021 and December 10, 2021. The estimated reinvested distributions will not be provided in cash but will instead be reinvested, ensuring that the total number of units held by investors remains unchanged. Key ETFs involved include FAI and FDV, among others. As of February 28, 2022, CI Financial Corp. reported $370.2 billion in total assets.

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CI Financial Corp. has announced the acquisition of certain assets from Eaton Vance WaterOak Advisors, enhancing its presence in Boston and increasing its U.S. assets to approximately US$133 billion. The transaction, expected to close in Q4 2022, aligns with CI's strategy to expand its wealth management services targeting high-net-worth clients. CI's total global assets will reach approximately US$311 billion post-acquisition. Financial details were not disclosed.

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CI Global Asset Management has received securityholder approval to merge 21 mutual funds and six exchange-traded funds (ETFs), effective after April 8, 2022. This initiative aims to streamline its product offerings and enhance operational efficiency. The mergers are part of CI GAM's ongoing strategy to modernize its asset management business, aligning with its global investment platform. Notably, costs related to the mergers will be borne by CI GAM, ensuring no financial burden on the mutual funds or ETFs involved.

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CI Global Asset Management (CI GAM) announced regular cash distributions for various CI ETFs for the period ending March 31, 2022. The distributions, which will be paid on or before March 31, 2022, are intended for unitholders of record as of March 25, 2022. Notably, the CI Gold+ Giants Covered Call ETF (CGXF) will distribute $0.1666 per unit, while the WisdomTree U.S. Quality Dividend Growth Index ETF (DGR) will provide $0.1470 per unit. The ex-dividend date is March 24, 2022, except for CI High Interest Savings ETF, which falls on March 25, 2022.

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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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