CI Financial Corp T.CIX

Holland continues to buy...

[zack50]

Between Jan. 19-23, chair of the board of directors Bill Holland bought a total of 105,800 shares at an average price per share of approximately $15.50 for an account in which he has indirect ownership (WH Corp.), increasing this particular account’s position to 1,937,100 shares. The cost of these purchases exceeded $1.6-million.

On Dec. 16, Mr. Holland bought 77,600 shares at a price per share of $13.4449. The cost of this purchase totaled more than $1-million.

Mr. Holland is CI’s former chief executive officer.

The company pays its shareholders a quarterly dividend of 18 cents per share or 72 cents per share yearly, equating to a current annualized yield of 4.6 per cent.

[thelostarc]

Do we know if these are independent buys or is it just dividend re-investment being counted as stock purchases? It is indeed impressive the sheer amount of stock Holland owns! Then again, the company can literally buy itself back in share buyback in 7-8 years time. With nearly $400Bn AuM, we can probably free cash flow $700MM per year! Most of which is being returned to shareholders via to

[1northumberland]

There are still approximately 5 million shares short that will need to be bought back. Coupled with Bill Holland's purchases and company share buybacks, CIX's share price will just naturally move higher. IMO