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

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

Each of the CI ETFs is required to distribute the net income and capital gains earned during the year. Reinvested distributions will generally consist of capital gains and / or any excess net income at the end of the year. 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 does not change. Investors who hold Units outside of registered plans will have taxable amounts to report and will see the adjusted cost base of their investment increase. In all cases, these distributions will be reinvested on or around December 31, 2021 to Unitholders of record on December 30, 2021.

These confirmed amounts are for reinvested distributions only and replace the previous estimate 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 published on www.firstasset.com in early 2022.

About CI Global Asset Management

CI Global Asset Management is one of the largest investment management firms in Canada. It offers a wide range of investment products and services and can be found on the web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an independent, global asset management and wealth management consulting firm with total assets of $ 338.1 billion 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 buy any 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 this regard. Individuals should seek professional advice, where appropriate, regarding any particular investment. Investors should consult their professional advisers before making any changes to their investment strategies. These investments may not be suitable for an investor’s situation. Certain conditions apply.

Commissions, management fees and expenses can all be associated with an investment in ETFs. You will usually pay brokerage fees to your broker if you buy or sell units of an ETF on recognized Canadian stock exchanges. If units are bought or sold on these Canadian stock exchanges, investors may pay more than the current net asset value when they buy units of the ETF and may receive less than the current net asset value when they sell 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.