CI Financial (TSE:CIX) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
CI Financial Corp. successfully completed a substantial issuer bid, buying back 2,157,201 shares at $18.25 each, totaling about $39.37 million. This repurchase amounts to 1.48% of their outstanding shares, leaving 143,545,084 shares remaining. Shareholders who sold their shares back to the company will receive an ‘eligible dividend’ for Canadian tax purposes.
For further insights into TSE:CIX stock, check out TipRanks’ Stock Analysis page.