CI Financial Corp. said Friday that it will not be holding an annual meeting of shareholders in 2009.

As CI Financial Income Fund, the company held a meeting of unitholders on Dec.19, 2008, at which unitholders approved the conversion to corporation.

“In connection with that meeting, unitholders were provided with comprehensive meeting materials, including information concerning the fact that the board would remain in place, as well as the auditors,” CI says.

The Toronto-based wealth management company adds that it has filed all required key shareholder information with securities regulators.

“In light of these factors and the current economic conditions, CI decided that the company and its shareholders would benefit by forgoing the expense of an annual meeting,” the company says.

The company expects to hold its next annual meeting in March 2010.

IE