CI Financial Income Fund today confirmed that over the past several months, it has had discussions with a number of parties concerning possible strategic combinations involving CI and its subsidiaries.

CI said it made the announcement “at the request of the Investment Industry Regulatory Organization of Canada, on behalf of the Toronto Stock Exchange,” following news reports that said Bank of Nova sas interested in selling CI its mutual find assets.

“At the present time, there is no certainty that any transaction will be completed,” CI said in a release.

CI said it won’t comment further on rumours and speculation, as is its policy.

IIROC halted trading in CI units on the TSX at 9:27 ET. Trading resumed at 10:30 ET.

CI’s largest shareholder is Toronto-based insurer Sun Life Financial. Sun Life holds roughly a 37% stake in CI.

Toronto-based CI Financial Income Fund is an independent wealth management company with approximately $99.3 billion in fee-earning assets as of July 31.