Although key challenges arising this year could hurt the asset manager, it has a variety of diversified businesses
Net fund sales soar 240% during the quarter
CI Financial Income Fund has appointed Sheila Murray as senior vp and general counsel.Prior to joining CI, Murray was a senior partner at Blake, Cassels & Graydon LLP specializing in corporate finance and mergers and acquisitions.“CI is fortunate to have attracted a senior lawyer of Sheila’s calibre to our senior executive team,” said Stephen MacPhail, […]
Assets under management grow to to $67.2
CI Financial Income Fund says it is unable to meet the October target for the take-over bid circular for DundeeWealth Inc.On September 26, CI announced its intention to make a take-over bid to acquire all of the common shares of DundeeWealth Inc. At that time, CI stated that it expected to be in a position […]
Strong asset growth as markets recover
Sale of banking unit to Scotiabank would be allowed to proceed
Company stands by agreement with Scotiabank
Unsolicited offer tops bid from Scotiabank
Investment manager CI Financial Income Fund today reported that its second quarter profit more than doubled and fee-earning assets under management jumped by 33%.Net income at CI was $151.6 million, or 54¢ a unit, in the three months ended June 30.That’s up from$69.3 million, or 24¢ a unit, in the three months ended May 31, […]