CI Financial Corp
TSX:CIXView on OTC Pink - Current Information

  • LAST PRICE
    16.0500
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    15.9800/ 3
  • Ask / Lots
    16.1200/ 3
  • Open / Previous Close
    16.0400 / 16.0500
  • Day Range
    15.7700
    16.0800
  • 52 Week Range
    12.5100
    17.7300
  • Volume
    370,747

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  • Aug 8, 2024

      Show headlines and story abstract

    • 7:51AM ET on Thursday Aug 08, 2024 by Dow Jones
      Companies Mentioned: CIX

      By Robb M. Stewart

      CI Financial earnings rose in the latest quarter as the Canadian wealth manager's assets continued to grow and its Corient subsidiary in the U.S. logged strong increases in assets and profitability.

    • 7:28AM ET on Thursday Aug 08, 2024 by MT Newswires
      Companies Mentioned: CIX
      07:28 AM EDT, 08/08/2024 (MT Newswires) -- ...

    • 7:25AM ET on Thursday Aug 08, 2024 by MT Newswires
      Companies Mentioned: CIX
      07:25 AM EDT, 08/08/2024 (MT Newswires) -- ...

    • 7:00AM ET on Thursday Aug 08, 2024 by Dow Jones
      Companies Mentioned: CIX

    • 7:00AM ET on Thursday Aug 08, 2024 by Dow Jones
      Companies Mentioned: CIX
      shareholders 18.0 19.5 19.7 20.1 16.2 18.0 19.5 19.7 20.1 16.2 ---------------------- ----- ----- ----- ----- ------- ----- ----- ----- ----- -------- RESULTS OF OPERATIONS - U.S. WEALTH MANAGEMENT SEGMENT IFRS Results Adjusted Results For the quarters ended For the quarters ended [millions of dollars, Jun. Mar. Dec. Sep. Jun. Jun. Mar. Dec. Sep. except per share 30, 31, 31, 30, 30, 30, 31, 31, 30, Jun. 30, amounts] 2024 2024 2023 2023 2023 2024 2024 2023 2023 2023 Revenues U.S. wealth management fees 261.3 242.1 226.8 229.0 216.8 261.3 242.1 226.8 229.0 216.8 Other revenues 5.7 7.4 4.5 14.9 5.4 7.0 8.8 10.6 7.6 6.7 FX gains/(losses) 0.1 3.1 (2.1) 0.1 (0.6) -- -- -- -- -- Other gains/(losses) 0.8 0.6 1.9 -- 70.4 0.6 0.3 (1.0) -- -- ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- Total net revenues 267.8 253.2 231.1 244.0 291.9 268.9 251.1 236.4 236.6 223.5 ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- Expenses Selling, general & administrative 278.9 283.7 231.1 195.2 209.5 153.9 142.4 139.7 136.0 128.8 Other 0.4 0.8 (6.9) 10.1 1.6 0.4 0.8 0.4 1.4 0.5 Interest and lease finance expense 5.1 5.2 4.0 0.8 3.2 4.7 3.5 2.1 0.8 3.2 Depreciation and other amortization 9.2 8.3 8.3 5.2 5.0 8.9 7.0 6.5 5.2 5.0 Amortization of intangible assets from acquisitions 33.6 32.1 33.2 32.0 30.3 -- -- -- -- -- Transaction, integration, restructuring and legal 19.1 22.1 32.5 22.7 21.1 -- -- -- -- -- Change in fair value of contingent consideration 12.6 27.1 14.5 (6.1) 13.5 -- -- -- -- -- Change in fair value of preferred equity 42.4 52.3 100.5 21.4 35.0 -- -- -- -- -- ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- Total expenses 401.3 431.7 417.2 281.3 319.3 167.9 153.8 148.8 143.4 137.6 ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- Pretax income (133.5) (178.4) (186.1) (37.3) (27.3) 101.0 97.4 87.7 93.2 85.9 ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- Non-IFRS adjustments ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- Pretax income (133.5) (178.4) (186.1) (37.3) (27.3) 101.0 97.4 87.7 93.2 85.9 Amortization of intangible assets from acquisitions 33.6 32.1 33.2 32.0 30.3 -- -- -- Amortization of intangible assets for equity accounted investments 1.4 1.3 1.3 1.3 1.3 -- -- -- -- -- Depreciation and other amortization 9.2 8.3 8.3 5.2 5.0 8.9 7.0 8.3 5.2 5.0 Interest and lease finance expense 5.1 5.2 4.0 0.8 3.2 4.7 3.5 4.0 0.8 3.2 ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- EBITDA (84.2) (131.5) (139.3) 2.1 12.5 114.6 107.9 100.0 99.3 94.2 ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- Change in fair value of contingent consideration 12.6 27.1 14.5 (6.1) 13.5 -- -- -- -- -- Change in fair value of Preferred Share Liability 42.4 52.3 100.5 21.4 35.0 -- -- -- -- -- Contingent and strategic recruitment consideration recorded as compensation (included in SG&A) 25.7 13.7 1.9 4.3 0.6 -- -- -- -- -- Non-controlling interest reclassification (included in Other) -- -- (2.5) -- 1.2 -- -- -- -- -- Accounting for redeemable units (included in SG&A) 99.0 126.0 93.2 54.7 79.4 -- -- -- -- -- FX (gains)/losses (0.1) (3.1) 2.1 (0.1) 0.6 -- -- -- -- -- Severance 0.9 2.2 0.2 0.2 0.7 -- -- -- -- -- Amortization of loan guarantees (0.5) (0.6) (3.8) -- -- -- -- -- -- -- Transaction, integration, restructuring and legal 19.1 22.1 36.1 22.7 21.1 -- -- -- -- -- Pass through carried interest revenue (included in Other revenues) -- -- 4.8 (8.7) -- -- -- -- -- -- Pass through carried interest expense (included in Other) -- -- (4.8) 8.7 -- -- -- -- -- -- Other (gains)/losses (0.2) (0.4) (2.9) -- (70.3) -- -- -- -- -- ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- Total adjustments 198.9 239.4 239.3 97.2 81.7 -- -- -- -- -- ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- Adjusted EBITDA 114.6 107.9 100.0 99.3 94.2 114.6 107.9 100.0 99.3 94.2 ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- Less: Non-controlling interest 38.3 41.9 37.4 37.6 25.4 38.3 41.9 37.4 37.6 25.4 ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- -------- Adjusted EBITDA attributable to shareholders 76.3 66.0 62.5 61.6 68.8 76.3 66.0 62.5 61.6 68.8 ---------------------- ------- ------- ------- ------ ------- ----- ----- ----- ----- --------

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