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CI GLOBAL ASSET MANAGEMENT ANNOUNCES MUTUAL FUND AND ETF MERGERS AND A RISK
RATING CHANGE

CI Global Asset Management - Business Wire - Mon Nov 18, 6:00AM CST



CI Global Asset Management (“CI GAM”) today announced plans to merge six mutual
funds and two ETFs into other mandates, as well as a risk rating change for CI
Bio-Revolution Index ETF.

“At CI GAM, we are continually working to enhance our product offerings and
provide Canadian investors with a diverse and innovative selection of effective
investment solutions,” said Jennifer Sinopoli, Executive Vice-President and Head
of Distribution for CI GAM. “The changes announced today are focused on
streamlining our lineup and improving the client experience for advisors and
investors.”

Mergers

CI GAM is proposing a series of mutual fund and ETF mergers (the “Mergers”) to
reduce duplication and streamline its product offering. CI GAM believes
investors will benefit from continuing funds with larger net asset values,
allowing for increased portfolio diversification opportunities and a larger
profile within the marketplace. The costs and expenses associated with the
Mergers are being borne by CI GAM, not the funds.

In all cases, the combined management and administration fees with respect to
each series of the continuing funds are the same as or lower than the combined
management and administration fees that are currently payable by the
corresponding series of the terminating funds. None of the Mergers will result
in a change of portfolio management teams.

The Independent Review Committee for the terminating funds has reviewed the
proposed Mergers with respect to potential conflict of interest matters and
provided a positive recommendation or its approval, as applicable, having
determined that the Mergers, if implemented, achieve a fair and reasonable
result for each of the terminating funds.

Mutual fund mergers

CI GAM is proposing the following mutual fund mergers:

Terminating Fund

Continuing Fund

CI Canadian Core Plus Bond Fund

CI Canadian Bond Fund

CI Global Equity & Income Fund

CI Global Income & Growth Fund

CI Mosaic ESG Balanced Growth ETF Portfolio

CI Mosaic ESG Balanced ETF Portfolio

CI Mosaic ESG Balanced Income ETF Portfolio

CI Mosaic ESG Balanced ETF Portfolio

CI Resource Opportunities Class

CI Global Resource Corporate Class

CI Short-Term Bond Fund

CI Global Short-Term Bond Fund

The mergers of CI Canadian Core Plus Bond Fund, CI Resource Opportunities Class
and CI Short-Term Bond Fund are to be effected on a taxable basis, resulting in
a taxable disposition if the funds are held in a non-registered account. These
mergers also require the approval of securityholders of the terminating funds.
CI GAM will hold securityholder meetings to vote on the proposals on or about
March 19, 2025 and will mail meeting materials to securityholders in
mid-February 2025. If approved, the mergers will take place on or about April 4,
2025.

The mergers of CI Global Equity & Income Fund, CI Mosaic ESG Balanced Growth ETF
Portfolio and CI Mosaic ESG Balanced Income ETF Portfolio are being effected on
a non-taxable basis and do not require securityholder approval. Securityholders
of the terminating funds will be notified in early February of the mergers,
which are also scheduled to occur on or about April 4, 2025.

ETF mergers

CI GAM is proposing the following ETF mergers. The ETFs trade on the Toronto
Stock Exchange (the “TSX”), aside from CI Global Healthcare Leaders Index ETF,
which trades on Cboe Canada Inc.

Terminating ETF

Ticker

Continuing ETF

Ticker

CI Bio-Revolution Index ETF

CDNA

CI Global Healthcare Leaders Index ETF

CHCL.B

CI Short Term Government Bond Index Class ETF

FGB

CI 1-5 Year Laddered Government Strip Bond Index ETF

BXF

These mergers are to be effected on a taxable basis, resulting in a taxable
disposition if the ETFs are held in a non-registered account. These mergers also
require the approval of securityholders of the terminating ETFs. CI GAM will
hold securityholder meetings to vote on the proposals on or about March 19, 2025
and will mail meeting materials to securityholders in mid-February 2025. If
approved, the mergers will take place on or about April 4, 2025.

Risk rating change

The risk rating of CI Bio-Revolution Index ETF (TSX: CDNA) is being changed to
“High” from “Medium-to-High,” effective immediately. The risk rating change is
based on the risk classification methodology mandated by the Canadian Securities
Administrators to determine the risk level of mutual funds, including ETFs. CI
GAM reviews the risk rating for each of the funds it manages at least on an
annual basis, as well as when a fund undergoes a material change. This change is
the result of CI GAM’s ongoing internal reviews and is not related to the
proposed merger nor is it the result of any changes to the investment objective,
strategies or management of the ETF.

About CI Global Asset Management

CI Global Asset Management (“CI GAM”) 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 GAM is a subsidiary of CI Financial Corp.
(TSX: CIX), an integrated global asset and wealth management company with
approximately $518.1 billion in total assets as at September 30, 2024.

Commissions, trailing commissions, management fees and expenses all may be
associated with an investment in mutual funds and exchange-traded funds (ETFs).
Please read the prospectus before investing. Important information about mutual
funds and ETFs is contained in their respective prospectus. Mutual funds and
ETFs are not guaranteed; their values change frequently, and past performance
may not be repeated. 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.

This communication is intended for informational purposes only and does not
constitute an offer to sell or the solicitation of an offer to purchase mutual
funds 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. Every effort has been made to ensure that the
material contained in this document is accurate at the time of publication.
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.

Solactive AG ("Solactive") is the licensor of the Solactive Global Genomics
Immunology and Medical Revolution CAD Hedged Index NTR and the Solactive
Developed Markets Healthcare 150 CAD Index (CA NTR). The financial instruments
that are based on the Indexes are not sponsored, endorsed, promoted or sold by
Solactive in any way and Solactive makes no express or implied representation,
guarantee or assurance with regard to: (a) the advisability in investing in the
financial instruments; (b) the quality, accuracy and/or completeness of the
Indexes; and/or (c) the results obtained or to be obtained by any person or
entity from the use of the Indexes. Solactive reserves the right to change the
methods of calculation or publication with respect to the Indexes. Solactive
shall not be liable for any damages suffered or incurred as a result of the use
(or inability to use) of the Indexes.

All rights in the FTSE Indexes vest in the relevant LSE Group company which owns
the Indexes. FTSE®, FTSE Russell®, FT-SE®, FOOTSIE®, RUSSELL® and The Yield
Book® are trademarks of the relevant LSE Group company and are used by any other
LSE Group company under license.

The Indexes are calculated by or on behalf of FTSE International Limited or its
affiliate, agent or partner. The LSE Group does not accept any liability
whatsoever to any person arising out of (a) the use of, reliance on or any error
in the Indexes or (b) investment in or operation of the Funds. The LSE Group
makes no claim, prediction, warranty or representation either as to the results
to be obtained from the Funds or the suitability of the Indexes for the purpose
to which it is being put by CI GAM.

CI Mosaic ETF Portfolios are managed and advised by CI GAM Multi-Asset, a
division of CI Global Asset Management.

The CI Exchange-Traded Funds are managed by CI Global Asset Management, a wholly
owned subsidiary of CI Financial Corp. (TSX: CIX). CI Global Asset Management is
a registered business name of CI Investments Inc.

©CI Investments Inc. 2024. All rights reserved.



View source version on businesswire.com:
https://www.businesswire.com/news/home/20241118816668/en/




Provided Content: Content provided by Business Wire. The Globe and Mail was not
involved, and material was not reviewed prior to publication.


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