/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TSX Symbol: CIX
TORONTO, July 20, 2018 /CNW/ - CI Financial Corp. ("CI")
announced today that it has successfully completed its previously announced offering of debentures with an aggregate principal
amount of $325 million. The debentures bear interest at a rate per annum of 3.520% and will mature
on July 20, 2023.
The debentures been provided a rating of BBB+ by Standard & Poor's and an A (low) rating, under review with negative
implications, by DBRS.
The debentures were issued under a prospectus supplement dated July 18, 2018 to CI's short form
base shelf prospectus dated December 22, 2017. Details of the offering are set out in the
prospectus supplement, which is available on SEDAR at www.sedar.com. The debentures were offered through a syndicate of dealers led by CIBC Capital Markets and National
Bank Financial Markets.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered
or sold in the United States absent registration or an applicable exemption from the
registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company with approximately $182.7 billion in fee-earning assets as of June 30, 2018. CI's primary operating
businesses are CI Investments Inc., one of Canada's largest investment managers, advisory
businesses Assante Wealth Management and CI Private Counsel LP, Grant Samuel Funds Management of Australia, BBS Securities Inc., and First Asset Investment Management, a leader in providing actively
managed exchange-traded funds to the Canadian marketplace. Further information is available at www.cifinancial.com.
SOURCE CI Financial Corp.
View original content: http://www.newswire.ca/en/releases/archive/July2018/20/c4345.html