Watch Live

Tweet TWEET

CI Financial renews normal course issuer bid

TSX Symbol: CIX 
TORONTO, May 27, 2013 /CNW/ - CI Financial Corp. announced today that The 
Toronto Stock Exchange has accepted its Notice of Intention to Make a Normal 
Course Issuer Bid. 
CI intends to purchase up to 2,500,000 of its common shares by way of a normal 
course issuer bid through the facilities of The Toronto Stock Exchange. All 
shares purchased under the normal course issue bid will be cancelled. The 
2,500,000 common shares represent 1.68% of the total public float for CI. As 
of May 24, 2013, there are 283,586,945 issued and outstanding common shares of 
CI. 
It is expected that the purchases under the normal course issuer bid may 
commence on May 29, 2013 and will terminate on May 28, 2014, or on such 
earlier date as CI completes its purchases or provides notice of 
termination. Purchases will be effected through the facilities of The 
Toronto Stock Exchange at prevailing market prices, or such other means as may 
be permitted by The Toronto Stock Exchange. During the six months ended 
April 30, 2013, the average daily trading volume of CI on The Toronto Stock 
Exchange was 235,466 common shares. 
CI believes that the market price of the common shares may, at certain times 
throughout the duration of the normal course issuer bid, be undervalued based 
on CI's financial performance and prospects and accordingly the directors are 
of the opinion that the purchase of common shares is an appropriate use of 
funds in order to increase shareholder value. 
In the last 12 months under its previous normal course issuer bid, CI 
purchased 528,100 of its common shares at a weighted average price of $22.80 
per common share. 
CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth 
management company. CI offers a broad range of investment products and 
services, including an industry-leading selection of investment funds. CI is 
on the Web at www.ci.com/cix. 
Stephen A. MacPhail President and Chief Executive Officer CI Financial Corp. 
(416) 364-1145 
SOURCE: CI Financial Corp. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/May2013/27/c2354.html 
CO: CI Investments Inc.
ST: Ontario
NI: FIN FND  
-0- May/27/2013 15:51 GMT