CI Money Applies for NYSE Listing as U.S. Wealth Method Gains Momentum

TORONTO–(Business enterprise WIRE)–CI Monetary Corp. (“CI”) (TSX: CIX), 1 of Canada’s major financial investment and wealth management organizations, introduced nowadays that it has applied to record its frequent shares on the New York Stock Exchange (the “NYSE”).

The timing for this listing makes feeling, supplied the fast development in our U.S. prosperity administration business enterprise,” explained Main Government Officer Kurt MacAlpine. “As we carry on to execute on our strategic precedence to globalize our business, listing CI’s typical shares on the NYSE will broaden our trader base and enhance our corporate profile in the U.S. marketplace.

It will also guidance the continued acquisition of U.S. prosperity administration corporations by allowing for us to offer you CI Monetary inventory as portion of the obtain value, an interesting solution for many sellers,” Mr. MacAlpine said.

CI is building its U.S. prosperity management presence via the acquisition of high quality companies in the expanding U.S. registered expense advisor (RIA) sector. Because coming into the U.S. market in February 2020, CI has become 1 of the swiftest-developing RIA platforms, obtaining US$13 billion in assets by means of 10 acquisitions (7 immediate purchases and 3 oblique transactions created by the affiliated RIAs) as at November 5, 2020. CI is actively in search of further more acquisitions to grow this company.

In connection with the intended listing on the NYSE, the Corporation has submitted a registration statement on Sort 40-F (the “Registration Statement”) with the United States Securities and Exchange Commission (the “SEC“). Any listing of CI’s widespread shares on the NYSE will be subject matter to the SEC declaring the Registration Statement successful and CI attaining the acceptance of the NYSE and the pleasure of all relevant listing and regulatory requirements. CI can’t offer any assurance that it will be profitable in accomplishing a listing of its frequent shares on the NYSE.

CI’s RIA holdings include agreements to acquire Bowling Portfolio Management LLC of Cincinnati, Ohio, and Stavis & Cohen Money LLC of Houston, Texas. It also has ownership passions in:

  • Balasa Dinverno Foltz LLC of Itasca, Illinois
  • The Cabana Team, LLC, of Fayetteville, Arkansas
  • Congress Wealth Administration, LLC of Boston, Massachusetts
  • 1 Funds Management, LLC, of Westlake Village, California
  • Surevest, LLC, of Phoenix, Arizona.

About CI Money

CI Financial Corp. (TSX: CIX) is an impartial business featuring international asset management and wealth management advisory companies with around $202 billion in property as at Oct 31, 2020. CI’s most important asset administration corporations are CI World Asset Administration (CI Investments Inc.) and GSFM Pty Ltd., and it operates in wealth management by Assante Wealth Administration (Canada) Ltd., CI Non-public Counsel LP, Aligned Capital Partners Inc., CI Direct Investing (WealthBar Fiscal Providers Inc.), CI Investment decision Solutions Inc., Balasa Dinverno Foltz LLC, The Cabana Team, LLC, Congress Wealth Management, LLC, 1 Cash Management, LLC and Surevest LLC. Further data is offered at www.cifinancial.com.

All fiscal amounts in Canadian dollars unless otherwise specified.

CI World Asset Management is a registered small business identify of CI Investments Inc.

This press launch has ahead-wanting statements concerning anticipated future occasions, effects, situations, performance or expectations with regard to CI Money Corp. (“CI”) and its goods and solutions, together with its enterprise functions, system and fiscal efficiency and problem. Ahead-hunting statements are ordinarily identified by phrases such as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan” and “project” and identical references to long term durations, or conditional verbs such as “will”, “may”, “should”, “could” or “would”. Forward-seeking statements in this press launch include things like statements about CI’s globalization and acquisition methods, the probable listing of CI’s widespread shares on the NYSE, the fulfillment of any ailments relating thereto and the possible impression thereof on CI’s trader foundation, company profile and acquisition strategy. These statements and other ahead-seeking statements are not historical specifics but in its place stand for management beliefs with regards to potential occasions, numerous of which by their mother nature are inherently unsure and further than management’s handle. Although administration thinks that the anticipations mirrored in these kinds of ahead-on the lookout statements are based mostly on realistic assumptions, such statements entail dangers and uncertainties. The material variables and assumptions utilized in achieving the conclusions contained in these ahead-wanting statements include things like that the financial commitment fund sector will continue to be secure and that desire rates will keep on being fairly secure. Variables that could bring about precise success to differ materially from expectations consist of, among the other items, standard economic and market conditions, such as curiosity and international trade fees, international financial marketplaces, variations in government restrictions or in tax rules, industry opposition, technological developments and other variables explained or talked over in CI’s disclosure products filed with relevant securities regulatory authorities from time to time. The foregoing list is not exhaustive and the reader is cautioned to look at these and other aspects meticulously and not to put undue reliance on ahead-seeking statements. Other than as specifically required by applicable legislation, CI undertakes no obligation to update or change any ahead-on the lookout statement right after the day on which it is produced, no matter if to replicate new data, potential occasions or if not.