Ci Financial Corp. (TSE:CIX) has released an update.
CI Financial Corp. has announced the preliminary results of its substantial issuer bid, with expectations to purchase and cancel approximately 4.86 million shares at $17.50 each, totaling around $85 million. This buyback represents about 3.11% of its outstanding shares, with shareholders likely to sell a portion of their tendered shares due to the oversubscription. Final details will be confirmed after the verification process and all necessary share deliveries are completed.
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