CI Financial Corp T.CIX

Alternate Symbol(s): CIXXF

Financial Services Asset Management

CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. The Company is engaged in the management and distribution of a range of financial products and services, including wealth management, insurance, and others. The Company operates through three segments: Asset Management, Canadian Wealth Management, and U.S. Wealth Management. The Asset Management segment includes CI Global Asset Management, which operates in Canada, and GSFM Pty Ltd., which operates in Australia. The Canadian Wealth Management segment includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, CI Direct Investing and CI Investment Services. The U.S. Wealth Management segment includes Corient Private Wealth LLC, an integrated wealth management company providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States.

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CI Financial Corp > CI debt downgraded to junk

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Comment by 1northumberlandon May 03, 2023 12:25am

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Post# 35426683

RE:CI debt downgraded to junk

Doesn't affect day to day business as they are paying off debt not borrowing more.
My broker told me TD raised CIX to outperform based on continued positive inflow of funds and cheap valuation.
US IPO of the US unit is a major catalyst as the proceeds will likely knock of nearly a 900mm in debt.
Dividend is rock solid as well.

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