June 16 (Reuters) - CI Financial Corp CIX.TO :
* CI FINANCIAL CORP - HAS ACCEPTED ITS NOTICE OF INTENTION TO MAKE A NORMAL COURSE ISSUER BID AND AUTOMATIC SECURITIES PURCHASE PLAN
* CI FINANCIAL CORP - INTENDS TO PURCHASE UP TO 19.7 MILLION OF ITS COMMON SHARES BY WAY OF A NORMAL COURSE ISSUER BID
* CI FINANCIAL CORP - EXPECTED THAT PURCHASES UNDER NORMAL COURSE ISSUER BID MAY COMMENCE ON JUNE 18, 2020 AND WILL TERMINATE ON JUNE 17, 2021
* CI FINANCIAL CORP - BELIEVES THAT MARKET PRICE OF COMMON SHARES MAY, AT CERTAIN TIMES THROUGHOUT DURATION OF NORMAL COURSE ISSUER BID, BE UNDERVALUED
* CI FINANCIAL - BOARD OF DIRECTORS ARE OF OPINION THAT PURCHASE OF COMMON SHARES IS AN APPROPRIATE USE OF FUNDS IN ORDER TO INCREASE SHAREHOLDER VALUE.