CI Financial to hold Annual and Special Meeting of Shareholders on April 20; provides update on first quarter sales
Apr 17, 2017, 11:08 ET
TSX Symbol: CIX
TORONTO, April 17, 2017 /CNW/ - CI Financial Corp. ("CI") will hold its Annual and Special Meeting of Shareholders on April 20, 2017 in Toronto.
Date: Thursday, April 20, 2017
Time: 2:00 p.m. EDT
Location: CI Financial offices, 15 York Street, 2nd Floor, Toronto.
In addition to the formal business of the meeting, there will be presentations by the CI executive team. The Notice of Meeting and Management Information Circular is available at www.sedar.com or www.cifinancial.com under "Reports" and "Fiscal 2017."
To facilitate discussion at the meeting, CI today reported preliminary sales results for the first quarter of 2017. In Canada, CI Investments Inc. and First Asset Investment Management had combined gross sales of $4.35 billion and net sales of $43 million, as flows strengthened considerably from gross sales of $3.30 billion and net redemptions of $2.82 billion in the fourth quarter of 2016. Grant Samuel Funds Management of Australia had retail net sales of $93 million, representing continued growth in this business. GSFM also experienced redemptions in certain low-margin institutional accounts, resulting in net redemptions of $424 million in its institutional business. CI is scheduled to report full results for the first quarter on May 11, 2017.
CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company with approximately $160.5 billion in assets as of March 31, 2017. Its primary operating businesses are CI Investments Inc., one of Canada's largest investment managers, advisory businesses Assante Wealth Management and Stonegate Private Counsel, Grant Samuel Funds Management of Australia, and First Asset Investment Management, a leader in providing actively managed exchange-traded funds to the Canadian marketplace. CI is on the Web at www.cifinancial.com.
Representatives of the media who are interested in attending the annual meeting are asked to contact CI media relations at [email protected].
SOURCE CI Financial Corp.
For further information: Murray Oxby, Director, Communications, CI Investments Inc., (416) 681-3254 or [email protected] or Investor Relations, CI Financial Corp., (416) 364-1145 or [email protected]
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