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CI Financial will cut off U.S. RIA unit from Canadian cash infusions as part of 2023 IPO but with a giant parting gift -- total forgiveness of its substantial mountain of debt

The Toronto asset manager, drenched in $2.7 billion of debt, promises an imminent IPO of a larger-than-planned stake in its $126-billion AUM to pay off lenders.

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Kurt MacAlpine: Post-IPO, the Canadian business will not fund any future U.S. acquisitions.

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August 13, 2022 at 12:39 AM



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