CI Financial Corp. ("CI" or the "Corporation") (TSX: CIX) today announced the commencement of the mailing of its management information circular and related shareholder meeting materials for the special meeting of CI shareholders (the "Meeting") to consider and vote on the Corporation's proposed plan of arrangement (the "Arrangement") with an affiliate of funds managed by Mubadala Capital (the "Purchaser") pursuant to which all of the issued and outstanding shares of CI will be acquired for cash consideration equal to $32.

CI Financial Corp. has received an interim court order for its proposed plan of arrangement with Mubadala Capital, allowing the acquisition of its shares for $32.00 per share, excluding those of senior management who opt for equity rollover agreements.