12:08 PM EST - CI Financial Income Fund : said it would convert from a trust to a corporation, which would give it better access to capital markets and make it easier to explore business and strategic opportunities outside Canada. CI said on Wednesday that its board of trustees had also agreed that the new corporation would pay a quarterly cash dividend of 12 Canadian cents per share. CI Financial Income Fund
units T.CIX.UN are trading down $1.93 at $16.02.