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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: (From Greg)
Scotiabank is selling its CIX (CI Financial) holding at a price of $31.60 in a just-announced secondary offering. Given that CIX closed today at $33.65, this seems to be a very good deal. What is your opinion? Should I commit to this offering through my broker (no transaction fees), or will the market price of CIX likely decline to meet this price anyway in the next few days?
Read Answer Asked by Gregory on May 28, 2014