CI Financial Corp. announced its intention to redeem all of the outstanding $325 million principal amount of 3.520% debentures due July 20, 2023 (“2023 Debentures”). The 2023 Debentures were issued on July 20, 2018. CI intends to redeem the 2023 Debentures on or about February 19, 2021 (the “Redemption Date”) in accordance with their terms. The redemption price will be the greater of (i) the 2023 Canada Yield Price as defined in the supplemental trust indenture under which the 2023 Debentures were issued, and (ii) par, together with accrued and unpaid interest up to but excluding the Redemption Date. Notice of redemption of the 2023 Debentures will be given to CDS Clearing and Depository Services Inc. (“CDS”) and Computershare Trust Company of Canada later January 19, 2021. Beneficial holders of 2023 Debentures (held through an account with a bank, brokerage firm, financial institution or other intermediary) that maintain their interests through CDS should contact their CDS customer service representative with any questions about the redemption. Alternatively, beneficial holders with any questions about the redemption should contact their respective bank, brokerage firm, financial institution or other intermediary which holds interests in the 2023 Debentures on their behalf.