CI Global Asset Management Announces Estimated Reinvested Distributions in Connection with Mergers

Rhea-AI Summary

CI Global Asset Management announced the upcoming mergers of several funds, effective on or about April 8, 2022. This follows earlier announcements on November 29, 2021 and December 10, 2021. The estimated reinvested distributions will not be provided in cash but will instead be reinvested, ensuring that the total number of units held by investors remains unchanged. Key ETFs involved include FAI and FDV, among others. As of February 28, 2022, CI Financial Corp. reported $370.2 billion in total assets.

Positive

• Planned mergers of funds may create operational efficiencies.
• Investors will maintain their unit count post-reinvestment.

Negative

• Estimated reinvested distribution amounts for several ETFs are $0.0000.

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 following estimated reinvested distributions (the “Estimated Reinvested Distributions”) in respect of the upcoming mergers of certain funds on or about April 8, 2022 (the “Termination Date”), which was first announced on November 29, 2021 in respect of the merger of CI Global Balanced Yield Private Pool and CI Global Balanced Yield Private Pool Class into CI Global Asset Allocation Private Pool and December 10, 2021 in respect of the rest of the funds listed below. In all cases, these Estimated Reinvested Distributions will be reinvested on or about April 8, 2022 to unitholders of record on April 7, 2022.

The Estimated 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.

	Trading Symbol	Estimated Reinvested Distribution Amount (to be reinvested and consolidated)
CI Active Utility & Infrastructure ETF	FAI	$0.0000
CI Active Credit ETF	FAO	$0.0000
	FAO.U	$0.0000 (US$)
CI Active Canadian Dividend ETF	FDV	$0.2465
CI MSCI Canada Low Risk Weighted ETF	RWC	$0.5632
CI MSCI USA Low Risk Weighted ETF	RWU	$0.0000
	RWU.B	$0.0000
CI Global Infrastructure Private Pool (ETF Series)	CINF	$0.0000
CI Global Asset Allocation Private Pool (ETF Series)	CGAA	$0.0326
CI WisdomTree U.S. Quality Dividend Growth Index ETF	DGR	$0.8928
	DGR.B	$0.5617
CI WisdomTree Canada Quality Dividend Growth Index ETF	DGRC	$0.2700

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 integrated global asset and wealth management company with $370.2 billion in total assets as of February 28, 2022.

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. 2022. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220404006020/en/

Murray Oxby

Vice-President, Corporate Communications

CI Global Asset Management

416-681-3254

moxby@ci.com

Source: CI Global Asset Management

FAQ

What is the purpose of the mergers announced by CI Global Asset Management on April 8, 2022?

The mergers aim to streamline operations and enhance fund management efficiency.

What will happen to the estimated reinvested distributions after the fund mergers?

The distributions will be reinvested into units, maintaining the total unit count held by investors.

Which funds are affected by the CI Global Asset Management mergers?

Funds affected include CI Active Utility & Infrastructure ETF (FAI) and CI Active Canadian Dividend ETF (FDV), among others.

What was the total asset value of CI Financial Corp. as of February 28, 2022?

CI Financial Corp. reported total assets of $370.2 billion as of February 28, 2022.