CI Financial (TSE:CIX) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
CI Financial Corp. has announced the successful completion of its substantial issuer bid, with 2,157,201 common shares tendered for cancellation at $18.25 each, totaling approximately $39.37 million. This buyback represents about 1.48% of their issued and outstanding shares, with no proration needed since the tendered shares were fewer than the maximum sought in the offer.
For further insights into TSE:CIX stock, check out TipRanks’ Stock Analysis page.