CI Financial Inc. has completed the mailing of a notice and management information circular for the special meeting of shareholders of CI to be held on June 22 at 10:00 a.m. in Toronto to consider and approve the conversion of CI into an income trust by way of a plan of arrangement, the company announced on Wednesday.

Following completion of the arrangement, CI anticipates that the monthly rate of distribution will be initially set between $0.16 and $0.17 per unit or exchangeable LP unit, as the case may be, and that the initial distribution will be payable on or about July 15.