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TSX Symbol: CIX

TORONTO, July 22, 2019 /CNW/ - CI Financial Corp. ("CI") announced today that it has successfully completed its previously announced offering of debentures with an aggregate principal amount of $350 million. The debentures bear interest at a rate per annum of 3.215% and will mature on July 22, 2024.

The debentures have been provided a rating of BBB+ by Standard & Poor's and BBB (high), with a "Negative" trend, by DBRS.

The debentures were issued under a prospectus supplement dated July 18, 2019 to CI's short form base shelf prospectus dated December 22, 2017. Details of the offering are set out in the prospectus supplement, which is available on SEDAR at www.sedar.com. The debentures were offered through a syndicate of dealers led by CIBC Capital Markets and National Bank Financial Inc.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

CI Financial Corp. (TSX: CIX) is an independent Canadian company offering global asset management and wealth management advisory services. Its primary operating businesses are CI Investments Inc., Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, GSFM Pty Ltd., WealthBar Financial Services Inc., and BBS Securities Inc. Further information is available at www.cifinancial.com.

SOURCE CI Financial Corp.

View original content: http://www.newswire.ca/en/releases/archive/July2019/22/c7010.html