CI Global Asset Management Announces Confirmed Annual Reinvested Capital Gains Distributions for CI ETFs

Rhea-AI Summary

CI Global Asset Management has confirmed the annual reinvested capital gains distributions for the CI ETFs for the 2021 tax year. These distributions, which will not be paid in cash but reinvested, include capital gains and excess net income. The reinvestments will occur around December 31, 2021, for unitholders of record on December 30, 2021. This announcement replaces the previous estimates provided on December 3, 2021. Taxable amounts will be reported to brokers and posted online in early 2022.

Positive

• Confirmed capital gains distributions for multiple ETFs, providing clarity for investors.
• Reinvested distributions allow investors to potentially benefit from compounded growth.

Negative

• Investors must report taxable amounts, which may lead to tax implications.
• No cash distributions may limit liquidity for some investors.

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

TORONTO--(BUSINESS WIRE)-- CI Global Asset Management (“CI GAM”) announces the confirmed annual reinvested capital gains distributions (the “Reinvested Distributions”) for the 2021 tax year for the CI ETFs listed below.

Each of the CI ETFs is required to distribute net income and capital gains earned during the year. The Reinvested Distributions will generally consist of capital gains and/or any excess net income at year end. The Reinvested Distributions will not be paid in cash but will be reinvested and the resulting units immediately consolidated so that the number of units held by each investor will not change. Investors holding units outside registered plans will have taxable amounts to report and will have an increase in the adjusted cost base of their investment. In all cases, these distributions will be reinvested on or about December 31, 2021 to unitholders of record on December 30, 2021.

These confirmed amounts are for the Reinvested Distributions only and replace the previous estimated announced on December 3, 2021. The actual taxable amounts of all distributions for 2021, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS”) and will be posted on www.firstasset.com in early 2022.

Fund Name	Trading Symbol	Confirmed Capital Gain Distributions per Fund Unit
CI Morningstar Canada Momentum Index ETF	WXM	$3.1790
CI Morningstar National Bank Québec Index ETF	QXM	$1.1413
CI Morningstar International Momentum Index ETF	ZXM	$7.0585
	ZXM.B	$4.3674
CI MSCI Europe Low Risk Weighted ETF	RWE	$0.3256
	RWE.B	$0.4915
CI MSCI USA Low Risk Weighted ETF	RWU	$1.0771
	RWU.B	$0.8530
CI MSCI World Low Risk Weighted ETF	RWW	$0.5501
	RWW.B	$0.4714
CI Preferred Share ETF	FPR	$0.0000
CI MSCI International Low Risk Weighted ETF	RWX	$0.0714
	RWX.B	$0.3793
CI Morningstar US Momentum Index ETF	YXM	$2.2634
	YXM.B	$2.7768
CI Enhanced Government Bond ETF	FGO	$0.0166
	FGO.U	$0.0259 (US$)
CI Global Financial Sector ETF	FSF	$2.2104
CI Global Asset Allocation Private Pool (ETF Series)	CGAA	$0.4241
CI High Interest Savings ETF	CSAV	$0.0000
CI Morningstar Canada Value Index ETF	FXM	$0.0000
CI MSCI Canada Low Risk Weighted ETF	RWC	$0.0051
CI U.S. TrendLeaders Index ETF	SID	$3.0876
CI Energy Giants Covered Call ETF	NXF	$0.0080
	NXF.B	$0.0000
CI Health Care Giants Covered Call ETF	FHI	$0.1593
	FHI.B	$0.0000
CI Tech Giants Covered Call ETF	TXF	$0.8910
	TXF.B	$0.6670
CI Gold Bullion Fund	VALT	$0.0000
	VALT.B	$0.0000
	VALT.U	$0.0000 (US$)
CI Galaxy Bitcoin ETF	BTCX.B	$0.0000
	BTCX.U	$0.0000 (US$)
CI Galaxy Ethereum ETF	ETHX.B	$0.0000
	ETHX.U	$0.0000 (US$)
CI Canadian Equity Index ETF	CCDN	$0.0071
CI Global Healthcare Leaders Index ETF	CHCL.B	$0.000485
CI U.S. 500 Index ETF	CUSA.B	$0.000544
CI U.S. 1000 Index ETF	CUSM.B	$0.034925
CI U.S. Treasury Inflation-linked Bond Index ETF (CAD Hedged)	CTIP	$0.0579
CI Emerging Markets Alpha ETF	CIEM	$0.234774
	CIEM.U	$0.401700 (US$)
CI Global Alpha Innovation ETF	CINV	$0.0000
	CINV.U	$0.0000 (US$)
CI 1-5 Year Laddered Government Strip Bond Index ETF	BXF	$0.0000
CI Active Canadian Dividend ETF	FDV	$0.7237
CI Canadian Convertible Bond ETF	CXF	$0.2279
CI U.S. & Canada Lifeco Income ETF	FLI	$0.0000
CI Active Utility & Infrastructure ETF	FAI	$0.6315
CI Active Credit ETF	FAO	$0.0000
	FAO.U	$0.0000 (US$)
CI Investment Grade Bond ETF	FIG	$0.0000
	FIG.U	$0.0000 (US$)
CI Enhanced Short Duration Bond Fund (ETF Series)	FSB	$0.0056
	FSB.U	$0.1172 (US$)
CI Gold+ Giants Covered Call ETF	CGXF	$0.0000
CI Canadian REIT ETF	RIT	$0.0000
CI Morningstar International Value Index ETF	VXM	$0.2789
	VXM.B	$0.2032
CI Morningstar US Value Index ETF	XXM	$0.0161
	XXM.B	$0.0216
CI MSCI World ESG Impact ETF	CESG	$2.6091
	CESG.B	$1.7598
CI Alternative Investment Grade Credit Fund (ETF Series)	CRED	$0.3139
	CRED.U	$0.4168 (US$)
CI Marret Alternative Absolute Return Bond Fund (ETF Series)	CMAR	$0.0532
	CMAR.U	$0.1274 (US$)
CI Munro Alternative Global Growth Fund (ETF Series)	CMAG	$2.0146
	CMAG.U	$2.2959 (US$)
CI Marret Alternative Enhanced Yield Fund (ETF Series)	CMEY	$0.0185
	CMEY.U	$0.0379 (US$)
CI Munro Global Growth Equity Fund (ETF Series)	CMGG	$1.5822
	CMGG.U	$2.1496 (US$)
CI Alternative Diversified Opportunities Fund (ETF Series)	CMDO	$0.0000
	CMDO.U	$0.0000 (US$)
CI Global Climate Leaders Fund (ETF Series)	CLML	$0.0000
	CLML.U	$0.3751 (US$)
CI Global REIT Private Pool (ETF Series)	CGRE	$0.0000
CI Global Infrastructure Private Pool (ETF Series)	CINF	$0.0273
CI Global Real Asset Private Pool (ETF Series)	CGRA	$0.0000
CI DoubleLine Core Plus Fixed Income US$ Fund (ETF Series)	CCOR	$0.0000
	CCOR.B	$0.0000
	CCOR.U	$0.0000 (US$)
CI DoubleLine Income US$ Fund (ETF Series)	CINC	$0.0000
	CINC.B	$0.0000
	CINC.U	$0.0000 (US$)
CI DoubleLine Total Return Bond US$ Fund (ETF Series)	CDLB	$0.0000
	CDLB.B	$0.0000
	CDLB.U	$0.0165 (US$)
CI Alternative North American Opportunities Fund (ETF Series)	CNAO	$0.0361
	CNAO.U	$0.3803 (US$)
CI Global Longevity Economy Fund (ETF Series)	LONG	$1.5464
CI Yield Enhanced Canada Aggregate Bond Index ETF	CAGG	$0.7518
CI Yield Enhanced Canada Short-Term Aggregate Bond Index ETF	CAGS	$0.0560
CI ONE North American Core Plus Bond ETF	ONEB	$0.2371
CI WisdomTree Emerging Markets Dividend Index ETF	EMV.B	$0.0026
CI WisdomTree Canada Quality Dividend Growth Index ETF	DGRC	$1.6210
CI WisdomTree Europe Hedged Equity Index ETF	EHE	$0.1311
	EHE.B	$0.0000
CI WisdomTree U.S. Quality Dividend Growth Index ETF	DGR	$0.0000
	DGR.B	$0.0000
CI WisdomTree International Quality Dividend Growth Index ETF	IQD	$2.1107
	IQD.B	$0.0000
CI WisdomTree U.S. Quality Dividend Growth Variably Hedged Index ETF	DQD	$0.9559
CI WisdomTree International Quality Dividend Growth Variably Hedged Index ETF	DQI	$0.9554
CI WisdomTree U.S. MidCap Dividend Index ETF	UMI	$0.0000
	UMI.B	$0.2086
CI WisdomTree Japan Equity Index ETF	JAPN	$0.0000
	JAPN.B	$0.0000
CI ICBCCS S&P China 500 Index ETF	CHNA.B	$0.0000
CI ONE Global Equity ETF	ONEQ	$1.1309
CORPORATE CLASS ETFs
CI Canadian Banks Income Class ETF	CIC	$0.0000
CI Core Canadian Equity Income Class ETF	CSY	$0.0000
CI Short Term Government Bond Index Class ETF	FGB	$0.0000
CI MSCI Canada Quality Index Class ETF	FQC	$0.0000

About CI Global Asset Management

CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an independent company offering global asset management and wealth management advisory services with $338.1 billion in total assets as of November 30, 2021.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange-traded funds (ETFs) managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor. Some conditions apply.

Commissions, management fees and expenses all may be associated with an investment in ETFs. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Important information about an exchange-traded fund (ETF) is contained in its prospectus. ETFs are not guaranteed; their values change frequently and past performance may not be repeated.

CI Global Asset Management is a registered business name of CI Investments Inc.

©CI Investments Inc. 2021. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211231005005/en/

Murray Oxby

Vice-President, Corporate Communications

CI Global Asset Management

416-681-3254

moxby@ci.com

Source: CI Global Asset Management

FAQ

What are the confirmed capital gains distributions for CI ETFs for 2021?

CI Global Asset Management confirmed annual reinvested capital gains distributions for various ETFs, including amounts per fund unit for each ETF.

When will the reinvested distributions for CI ETFs be effective?

The reinvested distributions will take effect on or about December 31, 2021, for unitholders of record on December 30, 2021.

How are reinvested distributions handled in terms of taxation?

Investors holding units outside registered plans will have taxable amounts to report, which will increase their adjusted cost base.

What has changed from the previous estimates of capital gains distributions?

The confirmed amounts for the reinvested distributions replace earlier estimates announced on December 3, 2021.

Where can investors find more information about the distributions?

Detailed taxable amounts and characteristics of the distributions will be reported to brokers and posted on the CI GAM website in early 2022.