TSX Symbol: CIX
TORONTO, May 29 /CNW/ - CI Financial Corp. ("CI") today announced that it
will not be holding an annual meeting of shareholders in 2009.
The company took into account a number of factors in making this
decision, including the fact that, as CI Financial Income Fund, it held a
meeting of unitholders on December 19, 2008, at which unitholders approved the
conversion to corporation. In connection with that meeting, unitholders were
provided with comprehensive meeting materials, including information
concerning the fact that the Board would remain in place, as well as the
auditors. In making this decision, the company is also mindful of the
significant costs of holding a shareholders' meeting and its goal to save
costs wherever possible in this economic environment.
CI has filed all required key shareholder information with securities
regulators. These documents include the Annual Report, Annual Information
Form, Statement of Governance Practices, and Statement of Executive
Compensation. These documents are available at www.sedar.com or on CI's
website at www.ci.com/cix (under "Corporate Governance" or "Reports").
Shareholders wanting to obtain a copy of any of these can do so by contacting
CI's Corporate Secretary at (416) 364-1145 or 1-800-268-9374.
In light of these factors and the current economic conditions, CI decided
that the company and its shareholders would benefit by forgoing the expense of
an annual meeting. The company expects to hold its next annual meeting in
CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth
management company with approximately $82 billion in fee-earning assets at
April 30, 2009. CI offers a broad range of investment products and services,
including an industry-leading selection of investment funds, and is on the Web
For further information:
For further information: Investor Relations, CI Financial Corp., (416)