CI Fund Management Inc. and Assante Corp. have announced the final share and cash allocations related to the acquisition of Assante by CI, which closed on November 14.

Assante shareholders who elected to receive CI shares will be allocated $1.466034 in cash and 0.50586283 CI shares for each Assante share. Fractional shares will be converted to cash and paid to investors at $15.49 per CI share.

Assante shareholders who elected to receive cash will receive $8.25 per Assante share.

In addition, Assante shareholders will receive one share in Loring Ward International Ltd. for each Assante share held. Loring Ward was spun off from Assante prior to CI’s acquisition to hold Assante’s U.S. operations.

CI expects that the delivery of the CI shares, Loring Ward shares and cash will be substantially completed by November 24, 2003.

Using the trading price for CI shares of $13.40 on the day prior to the announcement date, August 22, 2003, the total purchase price is $829 million. CI shares closed at $15.65 on November 14.