December 2, 2025

CI Financial Corp. Announces Private Offering of Canadian Dollar Debentures

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

TORONTO (December 2, 2025) – CI Financial Corp. (“CI” or the “Company”) today announced that it intends, subject to market and other conditions, to offer and sell (the “Offering”) in a private placement to eligible purchasers a series of its senior unsecured Canadian dollar-denominated debentures (the “Debentures”).

Separately, the Company commenced an offering of senior unsecured Euro-denominated notes (the “Concurrent EUR Offering”). The Offering is not conditional on the completion of the Concurrent EUR Offering.

CI intends to use a specified portion of the net proceeds from the Offering and the Concurrent EUR Offering to repay any amounts drawn on its unsecured revolving credit facility of $950.0 million with a syndicate of six banks, maturing in May 2028, for purposes of repaying the $400,000,000 aggregate principal amount of 7.000% Debentures of the Company which matured on December 2, 2025, and to use a portion to repurchase, redeem or otherwise settle the remaining outstanding preferred equity of Corient Holdings Inc. (approximately US$960,000,000) not held by CI Financial Holdings Ltd.

The Debentures will be offered on a “private placement” basis in reliance upon exemptions from the prospectus requirements of applicable provincial securities legislation, including the rules and policies of the Canadian Securities Administrators. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction, including Canada, and may not be offered or sold in the United States or Canada absent registration or an applicable exemption from such registration requirements.

This press release does not and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About CI Financial Corp.

CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. Founded in 1965, Toronto-based CI has developed world class portfolio management talent, extensive capabilities in all aspects of wealth planning, and a comprehensive product suite. CI operates in three segments:

Asset Management, which includes CI Global Asset Management, which operates in Canada, and GSFM, which operates in Australia.
Canadian Wealth Management, operating as CI Wealth, which includes CI Assante Wealth Management, Aligned Capital Partners, CI Assante Private Client, CI Private Wealth, Northwood Family Office, CI Coriel Capital, CI Direct Investing, CI Direct Trading and CI Investment Services.
U.S. Wealth Management, which includes Corient Private Wealth, an integrated wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States.

CI’s head office is located at 15 York St., 2nd Floor, Toronto, Ontario, M5J 0A3, Canada.

Forward-Looking Statements

This press release contains forward-looking statements concerning anticipated future events, results, circumstances, performance or expectations with respect to CI and its products and services, including its business operations, strategy and financial performance and condition. Forward-looking statements are typically identified by words such as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan” and “project” and similar references to future periods, or conditional verbs such as “will”, “may”, “should”, “could” or “would”. These statements are not historical facts but instead represent management beliefs regarding future events, many of which by their nature are inherently uncertain and beyond management’s control. In particular, these statements include, without limitation, statements about the Offering, the intended use of proceeds from the Offering and the Concurrent EUR Offering.

Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties. The material factors and assumptions applied in reaching the conclusions contained in the forward-looking statements include that asset levels will remain stable. The foregoing list is not exhaustive and the reader is cautioned to consider these and other factors carefully and not to place undue reliance on forward-looking statements. Other than as specifically required by applicable law, CI undertakes no obligation to update or alter any forward-looking statement after the date on which it is made, whether to reflect new information, future events or otherwise.

Contacts

Investor Relations

Jason Weyeneth, CFA
Vice-President, Investor Relations & Strategy
416-681-8779
jweyeneth@ci.com

Media Relations

Canada

Murray Oxby
Vice-President, Corporate Communications
416-681-3254
moxby@ci.com

United States