CI Financial sells 20% stake in U.S. business
Proceeds of $1.34-billion deal will pay down debt
- By: Rudy Mezzetta
- May 11, 2023 May 11, 2023
- 13:19
Proceeds of $1.34-billion deal will pay down debt
Richardson Wealth parent firm posted $5.3-million net loss in first quarter
The quarter-point increase comes a day after the Federal Reserve's identical move
Cash alternatives and Canadian government bonds benefited from market uncertainty
Following CI's request to withdraw coverage, S&P dropped its rating for the asset manager
Reassure clients to keep them focused on their long-term objectives
Interest rates pushed debt charges up 40.7%
Toronto-based firm said it would use proceeds from the sale to pay down debt
The agency said all paper returns “will be stockpiled for future processing"
The goal is to create a common language for the issuance of financial instruments
Food prices jumped 19.2% in the 12 months through February, according to the Office for National Statistics
Assets under management were $73 billion at the end of the year
U.K. regulators are increasingly concerned about investors being harmed by social media scams