/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
TSX Symbol: CIX
TORONTO, Nov. 25, 2016 /CNW/ - CI Financial Corp. ("CI")
announced today that it has successfully completed its previously
announced offering of debentures with an aggregate principal amount
of $200 million. The debentures bear
interest at a rate of 2.775% per annum and will mature on
November 25, 2021.
The debentures have been provided a rating of A- by Standard
& Poor's and A (low) by DBRS.
The debentures were issued under a prospectus supplement dated
November 22, 2016 to CI's short form
base shelf prospectus dated December 21,
2015. Details of the offering are set out in the prospectus
supplement, which is available on SEDAR at www.sedar.com. The
debentures were offered through a syndicate of dealers led by CIBC
Capital Markets.
The securities offered have not been registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent
registration or an applicable exemption from the registration
requirements. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any
sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About CI Financial
CI Financial Corp. (TSX: CIX) is an
independent, Canadian-owned wealth management company with
approximately $149 billion in
fee-earning assets as of October 31,
2016. CI's primary operating businesses are CI Investments
Inc., one of Canada's largest
investment managers, advisory businesses Assante Wealth Management
and Stonegate Private Counsel, and First Asset Capital Corp., a
leader in providing actively managed exchange-traded funds to the
Canadian marketplace. CI is on the Web at www.cifinancial.com.
SOURCE CI Financial Corp.