Mr. Jason Weyeneth reports

CI FINANCIAL OBTAINS SHAREHOLDER APPROVAL FOR PLAN OF ARRANGEMENT WITH MUBADALA CAPITAL

At the special meeting of CI Financial Corp. shareholders held earlier today, an overwhelming majority of CI shareholders voted in favour of the special resolution approving the previously announced plan of arrangement under the Business Corporations Act (Ontario), pursuant to which, among other things, an affiliate of funds managed by Mubadala Capital, will acquire, directly or indirectly, all of the issued and outstanding common shares of the corporation. Further details regarding the arrangement can be found in the corporation's management information circular dated Jan. 7, 2025.

The arrangement resolution required approval by not less than: (i) two-thirds (66-2/3rds per cent) of the votes cast by CI shareholders present in person or represented by proxy and entitled to vote at the meeting; and (ii) a simple majority of the votes attached to shares held by CI shareholders present in person or represented by proxy and entitled to vote at the meeting, excluding the votes attached to the shares held by the persons described in items (a) through (d) of Section 8.1(2) of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Details on the voting results at the meeting are provided in the attached tables.

An attached table is a summary of the votes cast at the meeting by shareholders of the corporation on the arrangement resolution.

Another table is a summary of the votes cast at the meeting by shareholders of the corporation on the arrangement resolution (excluding shares required to be excluded pursuant to items (a) through (d) of Section 8.1(2) of MI 61-101(1)).

(1) All shares held by those who qualified as eligible rollover shareholders (as defined in the circular) as of the date of the circular were excluded. The only eligible rollover shareholders are the individuals identified as eligible rollover shareholders on page 47 of the circular.

A report on voting results for the meeting will be filed under the corporation's profile on SEDAR+.

The final order of the Ontario Superior Court of Justice (Commercial List) approving the arrangement will be sought on Feb. 18, 2025. Completion of the arrangement remains subject to receipt of the final order, required regulatory clearances and other customary closing conditions. Completion of the arrangement is expected to occur in the second quarter of this year, subject to the satisfaction or waiver of the outstanding conditions.

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 has developed world-class portfolio management talent, extensive capabilities in all aspects of wealth planning and a comprehensive product suite. CI manages, advises on and administers approximately $532.7-billion in client assets as at Nov. 30, 2024. 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 ultrahigh-net-worth and high-net-worth clients across the United States.

CI 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.

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