10:47 AM EST - CI Financial Corp : Today announced a significant reduction in the management fee of the top-performing CI Floating Rate Income Fund, along with plans to launch an ETF series of the Fund – both timely moves designed to help Canadians manage the investment risks of inflation and rising interest rates. Effective immediately, the maximum management fees of Series F and A of the Fund have been reduced by 40 basis points to flat fees of 0.35% and 0.85%, respectively. CI Financial Corp
shares T.CIX are trading down $0.11 at $21.69.
