
CI Economic Corp. (“CI”) (TSX: CIX NYSE: CIXX) today announced its intention to redeem all of the exceptional $200 million principal amount of money of 2.775% debentures due November 25, 2021 (“2021 Debentures”). The 2021 Debentures had been issued November 25, 2016.

CI intends to redeem the 2021 Debentures on or about January 18, 2021 (the “Redemption Date”) in accordance with their phrases. The redemption cost will be the greater of (i) the 2021 Canada Generate Price as described in the supplemental rely on indenture underneath which the 2021 Debentures were being issued, and (ii) par, alongside one another with accrued and unpaid fascination up to but excluding the Redemption Day. Recognize of redemption of the 2021 Debentures will be presented to CDS Clearing and Depository Expert services Inc. (“CDS”) and Computershare Trust Company of Canada afterwards nowadays.

“We go on to prudently handle our financial debt,” said Kurt MacAlpine, CI Main Government Officer. “The early redemption will save on desire price and is portion of our dedication to lower CI’s leverage over time.”

Effective holders of 2021 Debentures (held as a result of an account with a bank, brokerage company, economical establishment or other middleman) that manage their passions by CDS must make contact with their CDS buyer support representative with any thoughts about the redemption. Alternatively, helpful holders with any inquiries about the redemption should really call their respective financial institution, brokerage firm, fiscal establishment or other intermediary which retains passions in the 2021 Debentures on their behalf.

About CI Fiscal


CI Fiscal Corp. is an impartial company offering global asset administration and wealth administration advisory companies. CI manages and advises on somewhere around $216 billion in customer property (as at November 30, 2020). CI’s primary asset management companies are CI World-wide Asset Administration (CI Investments Inc.) and GSFM Pty Ltd., and it operates in prosperity management by means of Assante Wealth Administration (Canada) Ltd., CI Private Counsel LP, Aligned Capital Associates Inc., CI Immediate Investing (WealthBar Monetary Companies Inc.), CI Investment Services Inc., Balasa Dinverno Foltz LLC, Bowling Portfolio Management LLC, The Cabana Team, LLC, Congress Wealth Management, LLC, Just one Capital Management, LLC and Surevest LLC. CI is shown on the Toronto Inventory Trade under CIX and on the New York Inventory Exchange below CIXX. Further more facts is readily available at www.cifinancial.com.

All figures in Canadian bucks.

This push release incorporates forward-searching statements regarding predicted upcoming events, success, circumstances, effectiveness or anticipations with respect to CI Money Corp. (“CI”) and its solutions and services, which include its small business functions, tactic and fiscal effectiveness and condition. Forward-wanting statements are usually determined by text these kinds of as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan” and “project” and equivalent references to foreseeable future durations, or conditional verbs these kinds of as “will”, “may”, “should”, “could” or “would”. Ahead-looking statements in this press release incorporate statements about the intention to early redeem the 2021 Debentures, like timing and cost . These statements and other forward-hunting statements are not historical information but instead stand for management beliefs regarding foreseeable future situations, lots of of which by their mother nature are inherently unsure and beyond management’s handle. While administration thinks that the anticipations mirrored in this kind of forward-looking statements are based mostly on affordable assumptions, this kind of statements involve dangers and uncertainties. The materials factors and assumptions applied in achieving the conclusions contained in these forward-searching statements contain that the expenditure fund business will continue being stable and that curiosity fees will stay reasonably secure. Things that could cause precise results to vary materially from anticipations involve, between other points, normal financial and sector problems, including fascination and foreign trade charges, world-wide economical markets, improvements in governing administration restrictions or in tax legislation, sector levels of competition, technological developments and other factors explained or mentioned in CI’s disclosure supplies filed with relevant securities regulatory authorities from time to time. The foregoing list is not exhaustive and the reader is cautioned to take into consideration these and other variables thoroughly and not to position undue reliance on ahead-hunting statements. Other than as precisely necessary by applicable regulation, CI undertakes no obligation to update or change any forward-hunting statement following the date on which it is created, irrespective of whether to reflect new data, foreseeable future occasions or usually. 

CI International Asset Administration is a registered small business identify of CI Investments Inc.

See resource version on businesswire.com: https://www.businesswire.com/news/household/20201218005151/en/
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