Mr. Jason Weyeneth reports

CI FINANCIAL ANNOUNCES EXPECTED CLOSING DATE FOR TAKE-PRIVATE TRANSACTION WITH MUBADALA CAPITAL

All regulatory approvals required to close CI Financial Corp.'s previously announced plan of arrangement under the Business Corporations Act (Ontario), whereby, 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, have been obtained. The corporation expects the arrangement to close on or about Aug. 12, 2025, subject to the satisfaction of the remaining customary conditions to closing.

For additional details regarding the arrangement, see CI's management information circular dated Jan. 7, 2025, a copy of which can be found under CI's issuer profile on SEDAR+.

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 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.

About Mubadala Capital

Mubadala Capital is a global alternative asset manager that oversees $30-billion (U.S.) of assets under management. The firm is an independent subsidiary of Mubadala Investment Company, an approximately $330-billion (U.S.) global sovereign investor headquartered in Abu Dhabi, United Arab Emirates. Mubadala Capital manages assets through its four investment businesses spanning various private market strategies, including private equity, special situations, solutions and venture capital. Mubadala Capital has a team of over 200 spanning five offices, including in Abu Dhabi, New York, London, San Francisco and Rio De Janeiro. Mubadala Capital aims to be the partner of choice for investors looking for attractive and differentiated risk-adjusted returns across various private markets and alternative asset classes.

We seek Safe Harbor.