CI Global Asset Management Announces Reinvested Distributions

Rhea-AI Summary

CI Global Asset Management has announced reinvested distributions for various ETFs, which will take effect on May 6, 2022. Unitholders as of May 5, 2022, will have their distributions reinvested, leading to an immediate consolidation of units without changing the total number held. Key ETFs affected include CI Global Financial Sector ETF (FSF) with a reinvested amount of $0.36886, CI Morningstar Canada Momentum Index ETF (WXM) at $0.39447, and CI WisdomTree U.S. Quality Dividend Growth Index ETFs (DGR.B) at $0.32350, among others.

Positive

• CI Global Asset Management is one of Canada's largest investment management companies, enhancing its market position.
• The reinvested distributions allow unitholders to potentially benefit from future growth without cash outflow.

Negative

• No cash distributions may deter some investors seeking immediate returns.

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 reinvested distributions (the “Reinvested Distributions”) in respect of certain ETFs listed below. In all cases, these Reinvested Distributions will be reinvested on or about May 6, 2022 to unitholders of record on May 5, 2022.

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.

			Trading Symbol			Reinvested Distribution Amount (to be reinvested and consolidated)
	CI Global Financial Sector ETF		FSF			$0.36886
	CI Morningstar Canada Momentum Index ETF		WXM			$0.39447
	CI WisdomTree U.S. Quality Dividend Growth Index ETF		DGR.B			$0.32350
	CI WisdomTree U.S. Quality Dividend Growth Index ETF		DGR			$0.31442
	CI WisdomTree U.S. MidCap Dividend Index ETF		UMI.B			$0.50427
	CI WisdomTree U.S. MidCap Dividend Index ETF		UMI			$0.45771

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/20220428006227/en/

Murray Oxby

Vice-President, Corporate Communications

CI Global Asset Management

416-681-3254

moxby@ci.com

Source: CI Global Asset Management

FAQ

When will the reinvested distributions for CI ETFs take effect?

The reinvested distributions will take effect on May 6, 2022.

What is the amount of the reinvested distribution for the CI Global Financial Sector ETF (FSF)?

The reinvested distribution amount for the CI Global Financial Sector ETF (FSF) is $0.36886.

What are the key ETFs affected by the reinvested distributions from CI Global Asset Management?

Key ETFs affected include FSF, WXM, and DGR.B with reinvested amounts of $0.36886, $0.39447, and $0.32350, respectively.

How will the reinvested distributions affect the number of units held by investors?

The number of units held by each investor will not change due to immediate consolidation.

Who is the parent company of CI Global Asset Management?

The parent company of CI Global Asset Management is CI Financial Corp. (TSX: CIX, NYSE: CIXX).