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

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CI Global Asset Management (CI GAM) has announced its estimated annual reinvested capital gains distributions for the 2021 tax year related to specific CI ETFs. These distributions are vital for investors to understand potential tax implications, as the amounts are subject to change and reflect the company's financial performance. The announcement, made on October 29, 2021, serves as an important update for stakeholders to prepare for tax-related strategies involving the CI ETFs.

 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 estimated annual reinvested capital gains distributions (the “Reinvested Distributions”) for the 2021 tax year for the CI ETFs listed below. Please note that these are estimated amounts as of October 29, 2021 and include certain forward-looking information which may cause the Reinvested Distributions to change before the CI ETFs’ tax year-end on December 15, 2021 and December 31, 2021. These estimated amounts are for the Reinvested Distributions only and do not include the ongoing, regular monthly or quarterly cash distribution amounts which are expected to be announced in a separate press release in December 2021.

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.

CI GAM expects to announce the final, confirmed Reinvested Distribution amounts (subject to any further revisions to per unit amounts resulting from subscription and redemption activity prior to the record date) on or about December 31, 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.

CI GAM provides estimated distributions for information purposes only. These estimates are not intended to be, nor should they construed to be, legal or tax advice to any particular person.

Fund Name	Trading Symbol	Estimated Capital Gain Distributions per Fund Unit as at October 29, 2021
CI Morningstar Canada Momentum Index ETF	WXM	$2.9312
CI Morningstar National Bank Québec Index ETF	QXM	$1.1025
CI Morningstar International Momentum Index ETF	ZXM	$6.9883
	ZXM.B	$4.3565
CI MSCI Europe Low Risk Weighted ETF	RWE	$0.5361
	RWE.B	$0.5546
CI MSCI USA Low Risk Weighted ETF	RWU	$0.9784
	RWU.B	$0.0000
CI MSCI World Low Risk Weighted ETF	RWW	$0.6611
	RWW.B	$0.4907
CI Preferred Share ETF	FPR	$0.1142
CI MSCI International Low Risk Weighted ETF	RWX	$0.2341
	RWX.B	$0.2515
CI Morningstar US Momentum Index ETF	YXM	$2.2076
	YXM.B	$2.2776
CI Enhanced Government Bond ETF	FGO	$0.0302
	FGO.U	$0.0398 (US$)
CI Global Financial Sector ETF	FSF	$2.2914
CI Global Asset Allocation Private Pool (ETF Series)	CGAA	$0.5928
CI High Interest Savings ETF	CSAV Note 2	-
CI Morningstar Canada Value Index ETF	FXM	$0.0000
CI MSCI Canada Low Risk Weighted ETF	RWC	$0.0000
CI U.S. TrendLeaders Index ETF	SID	$3.9930
CI Energy Giants Covered Call ETF	NXF	$0.0000
	NXF.B	$0.0792
CI Health Care Giants Covered Call ETF	FHI	$4.3470
	FHI.B	$2.3455
CI Tech Giants Covered Call ETF	TXF	$1.4315
	TXF.B	$0.7803
CI Gold Bullion Fund	VALT	$0.0000
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	$0.0045
CI Global Healthcare Leaders Index ETF	CHCL.B	$0.0000
CI U.S. 500 Index ETF	CUSA.B	$0.0000
CI U.S. 1000 Index ETF	CUSM.B	$0.0000
CI U.S. Treasury Inflation-linked Bond Index ETF (CAD Hedged)	CTIP	$0.4911
CI Emerging Markets Alpha ETF	CIEM	$0.0000
	CIEM.U	$0.0000 (US$)
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	$0.5609
CI Canadian Convertible Bond ETF	CXF	$0.0971
CI U.S. & Canada Lifeco Income ETF	FLI	$0.0000
CI Active Utility & Infrastructure ETF	FAI	$0.6321
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	$0.0000
	FSB.U	$0.0000 (US$)
CI Gold+ Giants Covered Call ETF	CGXF	$0.0000
CI Canadian REIT ETF	RIT	$0.0000
CI Morningstar International Value Index ETF	VXM	$0.2873
	VXM.B	$0.1876
CI Morningstar US Value Index ETF	XXM	$0.0000
	XXM.B	$0.0000
CI MSCI World ESG Impact ETF	CESG	$3.2603
	CESG.B	$1.6316
CI Alternative Investment Grade Credit Fund (ETF Series)	CRED	$0.2156
	CRED.U	$0.3096 (US$)
CI Marret Alternative Absolute Return Bond Fund (ETF Series)	CMAR	$0.0000
	CMAR.U	$0.0000 (US$)
CI Munro Alternative Global Growth Fund (ETF Series)	CMAG	$1.9187
	CMAG.U	$1.5256 (US$)
CI Marret Alternative Enhanced Yield Fund (ETF Series)	CMEY	$0.0000
	CMEY.U	$0.0000 (US$)
CI Munro Global Growth Equity Fund (ETF Series)	CMGG	$1.4891
	CMGG.U	$1.3911 (US$)
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	$0.0000 (US$)
CI Global REIT Private Pool (ETF Series)	CGRE	$0.0000
CI Global Infrastructure Private Pool (ETF Series)	CINF	$0.0000
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	$0.0000 (US$)
CI Global Longevity Economy Fund (ETF Series)	LONG	$1.6224
CI Yield Enhanced Canada Aggregate Bond Index ETF	CAGG	$1.1140
CI Yield Enhanced Canada Short-Term Aggregate Bond Index ETF	CAGS	$0.2440
CI ONE North American Core Plus Bond ETF	ONEB	$0.4300
CI WisdomTree Emerging Markets Dividend Index ETF	EMV.B	$0.0000
CI WisdomTree Canada Quality Dividend Growth Index ETF	DGRC	$0.7382
CI WisdomTree Europe Hedged Equity Index ETF	EHE	$0.0000
	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	$1.8698
	IQD.B	$0.0000
CI WisdomTree U.S. Quality Dividend Growth Variably Hedged Index ETF	DQD	$1.5157
CI WisdomTree International Quality Dividend Growth Variably Hedged Index ETF	DQI	$0.0000
CI WisdomTree U.S. MidCap Dividend Index ETF	UMI	$0.0209
	UMI.B	$0.1885
CI WisdomTree Japan Equity Index ETF	JAPN	$2.4826
	JAPN.B	$0.0000
CI ICBCCS S&P China 500 Index ETF	CHNA.B	$0.0000
CI ONE Global Equity ETF	ONEQ	$0.7358
CORPORATE CLASS ETFs		Note 1
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

Note 1 –	The Corporate Class ETFs have a tax year end of December 31, but none of the Corporate Class ETFs currently anticipate a reinvested distribution for 2021.
Note 2 –	There is no anticipated reinvested distribution for CI High Interest Savings ETF.

Forward-looking Information
This press release contains forward-looking statements with respect to the estimated Reinvested Distributions for the CI ETFs. By their nature, these forward-looking statements involve certain risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual Reinvested Distributions to differ from the estimated Reinvested Distributions between now and the CI ETFs’ tax year-ends include, without limitation: the actual amounts of distributions received by the CI ETFs; the actual amount of capital gains generated from sales of securities; and subscription and redemption activity in the CI ETFs.

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 $331.8 billion in total assets as of October 31, 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.

The forward-looking statements are not historical facts but reflect the current expectations of CI GAM regarding future results or events and are based on information currently available to them. Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements. CI GAM believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, CI GAM can give no assurance that the actual results or developments will be realized. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. CI GAM undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward-looking statements are made as of the date of this press release.

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/20211203005081/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 estimated annual reinvested capital gains distributions for CI ETFs in 2021?

The estimated annual reinvested capital gains distributions for CI ETFs have been announced by CI Global Asset Management, effective for the 2021 tax year.

When was the announcement of the reinvested capital gains distributions made for CI ETFs?

The announcement was made on October 29, 2021.

Why are the estimated capital gains distributions important for CI ETFs investors?

These distributions are important as they impact the tax implications for investors holding CI ETFs.

Is the amount of capital gains distribution fixed for CI ETFs?

No, the announced amounts are estimated and may change as they reflect the company's financial performance.