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Wednesday, May 14, 2014

BRIEF-ScotiaBank exploring sale of its stake in CI Financial, (NYSE: BNS), (TSE: CIX.TO)

Bank of Nova Scotia : * Says has decided to pursue alternatives for monetization of some or all of its investment in CI Financial Corp * Says it has advised CI Financial of this decision * Says has concluded that capital associated with its investment in CI will be

The Bank of Nova Scotia (the Bank) is a diversified financial institution. Shares of BNS traded higher by 0.2% or $0.12/share to $61.50. In the past year, the shares have traded as low as $52.05 and as high as $63.50. On average, 313753 shares of BNS exchange hands on a given day and today's volume is recorded at 201572.

CI Financial Corp. (CI) is a diversified wealth management and investment fund company. Shares of CIX fell by 0.47% or $-0.17/share to $36.13. In the past year, the shares have traded as low as $29.29 and as high as $37.00. On average, 213134 shares of CIX.TO exchange hands on a given day and today's volume is recorded at 108089.



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