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CI Financial (T:CIX) has notable insider selling

Chart shows all insider (exclusing issuers) public market transactions of directly and indirectly held equity securities as reported in SEDI
Published Friday Sep 30, 2016 12:00 AM EDT
David J. Riddle, a Director, disposed 200,000 Common Shares on a direct ownership basis at prices ranging from $24.657 and $25.000 through the public market between September 27th, 2016 and September 28th, 2016. This represents a $4,931,783 divestment of the company's shares and an account share holdings change of -16.6%.

CI Financial Corp. (CI) is a wealth management and investment fund company. The Company is engaged in management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other fee-earning investment products for Canadian investors. CI operates through two segments: Asset Management and Asset Administration. The Company's Asset Management segment derives its revenue principally from the fees earned on the management of several families of mutual, segregated, pooled, exchange-traded and closed-end funds, structured products and discretionary accounts. CI's Asset Administration segment derives its revenue principally from commissions and fees earned on the sale of mutual funds and other financial products and ongoing service to clients. The Company's products are distributed primarily through brokers, independent financial planners and insurance advisors, among others.

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