Mr. Murray Oxby reports

CI FINANCIAL ANNOUNCES MEETINGS OF DEBENTUREHOLDERS TO BE HELD ON APRIL 4, 2024

In connection with its previously announced consent and proxy solicitation seeking approval of certain proposed amendments from: (i) holders of its 3.759 per cent debentures due 2025 issued under the second supplemental indenture to the trust indenture dated as of July 22, 2019; and (ii) holders of its 3.904 per cent debentures due 2027 issued under the sixth supplemental indenture to the trust indenture dated as of Dec. 16, 2009, the meeting of the 2025 debentureholders and the meeting of the 2027 debentureholders will be held in person on April 4, 2024, at 10 a.m. Toronto time and 10:30 a.m. Toronto time, respectively, at 199 Bay St., Suite 5300, Commerce Court West, Toronto, Ont.

As previously announced, in order to approve the proposed amendments by written consent, not less than 66-2/3rds per cent of the aggregate unpaid principal amount of the 2025 debentures or 2027 debentures must have delivered consents in favour of the proposed amendments by 5 p.m. Toronto time on March 19, 2024. As of the consent deadline, sufficient proxies to achieve the required quorum and sufficient proxies in favour of the proposed amendments to approve the proposed amendments at each meeting had been received. Accordingly, the corporation expects the proposed amendments to be approved at the meetings, in each case, subject to any proxies that are validly revoked or newly submitted prior to the applicable meeting.

The proposed amendments are further described in the joint consent and proxy solicitation statement dated March 6, 2024, available on CI Financial's SEDAR+ profile.

The corporation has retained RBC Dominion Securities Inc. as solicitation agent and Computershare Trust Company of Canada as tabulation agent in connection with the consent and proxy solicitation and meetings. Questions concerning the meetings and the consent and proxy solicitation or requests for assistance in participating in the meetings or the consent and proxy solicitation should be directed to RBC by telephone at 416-842-6311 or 1-877-381-2099 or by e-mail at liability.management@rbccm.com.

About CI Financial Corp.

CI Financial is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. Founded in 1965, CI Financial has developed world-class portfolio management talent, extensive capabilities in all aspects of wealth planning and a comprehensive product suite. CI Financial manages, advises on and administers approximately $465.9-billion in client assets (as at Feb. 29, 2024). CI Financial operates in three segments:

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

CI Financial is headquartered in Toronto and listed on the Toronto Stock Exchange.

CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of CI Financial.

We seek Safe Harbor.