/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./
TORONTO, July 14, 2020 /CNW/ - CI Investments Inc. ("CI")
announced today that it does not expect CI First Asset Global Asset
Allocation ETF (the "Fund") to pay a special distribution on its
common units (TSX: CGAA) to unitholders of record on July 17, 2020 in respect of the upcoming merger
(the "Merger") of the Fund with CI Global Asset Allocation Private
Pool scheduled for after the close of business on July 17, 2020.
Please note that the estimated special distribution is an
appraised calculation using performance as of June 30, 2020 and includes certain
forward-looking information which may cause the estimated special
distribution to change before the record date of July 17, 2020. CI is providing this estimated
special distribution value for information purposes only. This
estimate is not intended to be, nor should it be construed to be,
legal or tax advice to any particular person.
CI expects to announce the final, confirmed special distribution
amount (subject to any further revisions to per-unit amounts
resulting from subscription and redemption activity prior to the
record date) on or about July 20,
2020. The actual taxable amounts of the special
distribution, 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 CI's
website.
Distributions, if any, will be reinvested in additional units
and consolidated such that the number of common units outstanding
prior to and immediately following the distribution will not
change.
About CI Investments
CI Investments 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 is a
subsidiary of CI Financial Corp. (TSX: CIX), an independent company
offering global asset management and wealth management advisory
services with approximately $179.2
billion in fee-earning assets as at June 30, 2020.
This press release contains forward-looking statements with
respect to the estimated special distribution for the Fund. 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
special distribution to differ from the estimated special
distribution between now and the Merger date include, without
limitation: the actual amount of dividends received by the Fund;
the actual amount of capital gains generated from sales of
securities; and subscription and redemption activity in the
Fund.
This communication is intended for informational purposes
only and does not constitute an offer to sell or the solicitation
of an offer to purchase CI ETFs and is not, and should not be
construed as, investment, tax, legal or accounting advice, and
should not be relied upon in that regard. Commissions, management
fees and expenses all may be associated with investments in
exchange-traded funds (ETFs). Please read the prospectus before
investing. 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 the TSX. If the units are purchased or sold on the TSX,
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.
CI Investments and the CI Investments design are registered
trademarks of CI Investments Inc. ©CI Investments Inc. 2020. All
rights reserved.
SOURCE CI Investments Inc.
