CI Financial Announces Exemptive Relief from the Ontario Securities Commission in Substantial Issuer Bid
CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today that, in connection with the Corporation’s ongoing substantial issuer bid (the “Offer”), the Ontario Securities Commission has granted an exemptive relief order permitting CI Financial to extend the Offer, if it determines to do so in circumstances where the Offer is undersubscribed, without first taking up any common shares (the “Shares”) previously deposited to the Offer.
- CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today that, in connection with the Corporation’s ongoing substantial issuer bid (the “Offer”), the Ontario Securities Commission has granted an exemptive relief order permitting CI Financial to extend the Offer, if it determines to do so in circumstances where the Offer is undersubscribed, without first taking up any common shares (the “Shares”) previously deposited to the Offer.
- The relief relates to the “modified Dutch auction” format of the Offer.
- This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Shares.
- The solicitation and the offer to buy Shares will only be made pursuant to the Offer Documents.