07:27 AM EDT, 06/26/2025 (MT Newswires) -- CG Partners Limited Partnership overnight Wednesday announced that it has acquired around 2.4 million common shares of Canaccord Genuity Group ( CCORF ) through purchases over the Toronto Stock Exchange, alternative trading systems, and direct contributions from participants of the Partnership.

CG Partners Limited Partnership is an "independent employee share-ownership vehicle" established to acquire and hold common shares and other securities of Canaccord Genuity Group ( CCORF ) on behalf of the company's employees.

The common shares were acquired at an average price of $9.31 per share for an aggregate purchase price of around $22.4 million.

A statement noted that the Partnership acquired 376,129 shares at a price per share of $9.3919 on June 25, for an aggregate purchase price of approximately $3.5 million from employees of the company as partial consideration for the issuance of limited partnership units of the Partnership.

Following this acquisition, the Partnership owns an aggregate of 13,415,948 Shares, representing an approximate 13.1% ownership interest in the outstanding shares.

The Partnership plans to hold the shares for investment purposes consistent with its mandate to serve as a long-term ownership vehicle for senior employees of the company.