CI Financial Income Fund says it is unable to meet the October target for the take-over bid circular for DundeeWealth Inc.

On September 26, CI announced its intention to make a take-over bid to acquire all of the common shares of DundeeWealth Inc. At that time, CI stated that it expected to be in a position to mail its take-over bid circular in October.

In a statement released today CI said “circumstances have changed and as such CI does not anticipate being able to proceed in accordance within the previously announced timeframe.”