CI Financial Corp. completes debenture offering

 /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX Symbol: CIX

TORONTO, Nov. 25, 2016 /CNW/ - CI Financial Corp. ("CI") announced today that it has successfully completed its previously announced offering of debentures with an aggregate principal amount of $200 million. The debentures bear interest at a rate of 2.775% per annum and will mature on November 25, 2021.

The debentures have been provided a rating of A- by Standard & Poor's and A (low) by DBRS.

The debentures were issued under a prospectus supplement dated November 22, 2016 to CI's short form base shelf prospectus dated December 21, 2015. Details of the offering are set out in the prospectus supplement, which is available on SEDAR at www.sedar.com. The debentures were offered through a syndicate of dealers led by CIBC Capital Markets.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About CI Financial
CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company with approximately $149 billion in fee-earning assets as of October 31, 2016. CI's primary operating businesses are CI Investments Inc., one of Canada's largest investment managers, advisory businesses Assante Wealth Management and Stonegate Private Counsel, and First Asset Capital Corp., a leader in providing actively managed exchange-traded funds to the Canadian marketplace. CI is on the Web at www.cifinancial.com.

SOURCE CI Financial Corp.

Douglas J. Jamieson, Executive Vice-President and Chief Financial Officer, CI Financial Corp., [phone]