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CI Financial (T:CIX) has notable insider buying

Updated Tuesday Sep 07, 2021 03:06 AM EDT

CI Financial Corp. (CIX) has a high amount of executive buying compared to its large-cap peers over the past three months.

Kurt MacAlpine, CEO and Director, acquired 73,292 Common Shares on a direct ownership basis at a price of $24.840 through an exercise of rights on September 1st, 2021. This represents a $1,820,573 investment into the company's shares and an account share holdings change of 97.4%.

CI Financial is in the Investment Management & Fund Operators Sub Industry Group under the Financials Sector.

CI Financial Corp (CI) is a Canada-based asset and wealth management company. The Company operates through two business segments: Asset Management and Wealth Management. The Company primarily operates its Asset Management businesses through CI Investments Inc and GSFM Pty Ltd. The Company operates its Wealth Management Segment through Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, CI Direct Investing (WealthBar Financial Services Inc.), BBS Securities Inc., The Cabana Group, LLC, Congress Wealth Management, One Capital Management, LLC and Surevest LLC. The Asset Management segment derives its revenue principally from the fees earned on the management of investment funds and other fee-earning investment products. The Wealth Management segment derives its revenue principally from fees and commissions from ongoing service, financial planning and advice (which may include investment management services), and on the sale of investment funds and other financial products.

INK Edge Outlook

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Go to CI Financial Corp. (CIX)'s company page

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