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  5. CIX: Is Cix still ok to keep money for investing. [CI Financial Corp.]

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Q: Is Cix still ok to keep money for investing. I see they are offering $17.50 a share. Is this to pay off the big investment they borrowed from. last year for their expansion. How would them rate them. The stock was $28.00 a few year ago. Or perhaps they want to help TIXT. Will their dividend still be safe in a lower rate inviroment.Tks 5I
Asked by Guy on August 26, 2024
5i Research Answer:
CIX is offering to buy five million shares at $17.50; this represents about 3.4% of its shares....
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