CI Financial Announces Early Redemption of Debentures Due July 2023
(WorldNews Business)

TORONTO--(BUSINESS WIRE)--Jan 19, 2021-- (“CI”) (TSX: ; NYSE:CIXX) today announced its intention to redeem all of the outstanding $325 million principal amount of 3.520% debentures due July 20, 2023 (“2023 Debentures”). The 2023 Debentures were issued on July 20, 2018. CI intends to redeem the 2023 Debentures on or about February 19, 2021 (the “Redemption Date”) in accordance with their terms. The redemption price will be the greater of (i) the 2023 Canada Yield Price as defined in the supplemental trust indenture under which the 2023 Debentures were issued, and (ii) par, together with accrued and unpaid interest up to but excluding the Redemption Date. Notice of redemption of the 2023...