CI Financial Corp. (TSX:CIX) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 12,607,916 shares, representing 8.33% of its issued and outstanding share capital.

The shares repurchased will be used to satisfy obligations under equity-based compensation plans or employee share purchase plans. The shares repurchased by the company, but not those purchased by such a trustee or non-independent broker, will be cancelled. The bid will terminate on July 10, 2025, or on such earlier date as the company completes its purchases or provides notice of termination.

As of July 5, 2024, the company had 151,383,085 issued and outstanding shares.