CI Financial Corp., in connection with its previously announced normal course issuer bid on June 14, has entered into an automatic share purchase plan with Canaccord Genuity Corp.
The plan will permit the purchase of common shares under the normal course issuer bid, at times when CI Financial would normally not be allowed to buy its common shares due to regulatory restrictions or self-imposed blackout periods.
Before entering into a blackout period, CI Financial may, but is not bound to, instruct Canaccord to make purchases under the normal course issuer bid in accordance with the terms of the automatic share purchase plan.
Outside of the predetermined blackout periods, common shares may be bought under the normal course issuer bid based on the discretion of CI Financial's management, in compliance with the rules of the Toronto Stock Exchange and applicable securities laws.
The normal course issuer bid commenced June 18 and will terminate June 17, 2019. All repurchases made under the automatic share purchase plan will be included in computing the number of common shares bought under the normal course issuer bid.