TSX Symbol: CIX
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
TORONTO, June 17, 2014 /CNW/ - CI Financial Corp. ("CI") (TSX: CIX)
today announced the closing of the previously announced secondary
offering (the "Offering") by The Bank of Nova Scotia ("Scotiabank") of
72.0 million common shares of CI (the "Common Shares") at a price of
$31.60 per Common Share (the "Offering Price") for gross proceeds
received by Scotiabank of $2,275,200,000. The underwriters also
exercised their over-allotment option in full, resulting in the
purchase of an additional 10.8 million Common Shares at the Offering
Price and increasing the gross proceeds received by Scotiabank to
The Offering was completed on a bought deal basis and was underwritten
by a syndicate of underwriters, led by Scotia Capital Inc., RBC Capital
Markets and GMP Securities L.P.
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 media release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall
there be any offer, solicitation or sale of the securities in any state
in which such offer, solicitation or sale would be unlawful.
About CI Financial Corp.
CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth
management company with $127 billion in assets as of May 31, 2014. CI
offers a broad range of investment products and services, including an
industry-leading selection of investment funds, and is on the Web at www.cifinancial.com.
SOURCE: CI Investments Inc.
For further information:
William T. Holland
CI Financial Corp.