CIXX - CIXX STOCK NEWS

CI Financial Corp. reported a remarkable 66% growth in total assets, reaching $384.1 billion as of December 31, 2021. Wealth management assets surged by $135.5 billion, driven by strategic acquisitions and strong organic growth, making the U.S. its largest business unit. For the first time in six years, CI achieved positive annual net flows in asset management, totaling $0.3 billion in 2021. The company completed several acquisitions in December, enhancing its asset management capabilities, significantly boosting its market position.

CI Global Asset Management has announced cash distributions for January 2022 for its various ETFs, set to be paid on or before January 31, 2022. Notable distributions include $0.0400 for CI Canadian Convertible Bond ETF (CXF) and $0.0675 for CI Canadian REIT ETF (RIT). The ex-dividend date is January 24, 2022, except for CI High Interest Savings ETF which is January 25, 2022. Unitholders can enroll in the CI Distribution Reinvestment Plan (DRIP) to automatically reinvest cash distributions. CI Global Asset Management is part of CI Financial Corp., managing $338.1 billion in assets as of November 30, 2021.

CI Financial Corp. (NYSE: CIXX) has announced an agreement to acquire Northwood Family Office Ltd., a premier Canadian multi-family office managing approximately $2.2 billion in investment assets. The deal aims to enhance CI's wealth management capabilities, expanding its Canadian wealth management assets to $81 billion and total global assets to $377 billion. The acquisition is expected to close in Q2 2022, subject to regulatory approval. Financial terms remain undisclosed.

CI Global Asset Management has announced reinvested distributions for the JFT Strategies Fund. The distributions, confirmed on December 9, 2021, will be paid on or before January 14, 2022, to holders of record as of December 31, 2021. For Class A, the distribution is $1.966989 per unit, while Class F is $2.088207. These distributions will be in the form of securities issuance, with no change in the total number of outstanding securities. Details on taxable amounts will be reported to brokers and available on www.firstasset.com in early 2022.

CI Financial Corp. has completed acquisitions of four registered investment advisor (RIA) firms, adding approximately US$24 billion in assets to its U.S. CI Private Wealth business. These transactions enhance CI's position as the largest business line by assets, with total U.S. assets growing from US$23 billion to US$115 billion in 2021. CI aims to become a leading private wealth firm and increase its capabilities in alternative investments, serving high-net-worth clients.

CI Global Asset Management has confirmed the annual reinvested capital gains distributions for the CI ETFs for the 2021 tax year. These distributions, which will not be paid in cash but reinvested, include capital gains and excess net income. The reinvestments will occur around December 31, 2021, for unitholders of record on December 30, 2021. This announcement replaces the previous estimates provided on December 3, 2021. Taxable amounts will be reported to brokers and posted online in early 2022.

CI Financial Corp has announced a strategic investment in Columbia Pacific Wealth Management, acquiring its $6.4 billion in assets. This move, part of a broader acquisition strategy, is set to elevate CI’s U.S. wealth management assets to US$115 billion, making it the company’s largest segment. Additionally, CI will take a minority stake in Columbia Pacific Advisors, managing $3.5 billion in alternative investments. These acquisitions are expected to strengthen CI's presence, particularly on the West Coast, further enhancing its wealth management offerings.

CI Global Asset Management announced cash distributions for CI ETFs for the period ending December 31, 2021. Payments will be made to unitholders of record on December 23, 2021, with an ex-dividend date of December 22, 2021, except for the CI High Interest Savings ETF, which has an ex-dividend date of December 23. Key distribution amounts include CI Gold+ Giants Covered Call ETF at $0.2152 and CI WisdomTree U.S. Quality Dividend Growth Index ETF at $0.1595. Additionally, the CI Distribution Reinvestment Plan (DRIP) offers automatic reinvestment options.