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

·8 min read

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

TORONTO, December 13, 2021--(BUSINESS WIRE)--Please replace the release dated December 3, 2021 with the following corrected version due to revisions of the estimated annual reinvested capital gains distributions for certain funds.

The updated release reads:

CI GLOBAL ASSET MANAGEMENT ANNOUNCES ESTIMATED ANNUAL REINVESTED CAPITAL GAINS DISTRIBUTIONS FOR CI ETFS

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

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

$0.0000

FHI.B

$0.0000

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

$1.0300

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/

Contacts

Murray Oxby
Vice-President, Corporate Communications
CI Global Asset Management
416-681-3254
moxby@ci.com

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