CI Financial Income Fund and Rockwater Capital Corp. announced today that CI has been deemed to have acquired all of the outstanding common shares of Rockwater.

The certificates representing outstanding Rockwater shares have been cancelled.

Computershare Investor Services Inc., agent for Rockwater, holds in trust the consideration to be paid to the holders of the outstanding cancelled Rockwater shares not yet tendered.

Earlier this year, CI announced plans to acquire Rockwater for about $251 million in shares and cash, including the assumption of $20 million in debt.

Rockwater is an independent financial services company in three related businesses: investment counselling and portfolio management (KBSH Capital Management Inc.), retail investment management (Lakeview Asset Management Inc.) and a full service investment dealer (Blackmont Capital Inc.).