TSX Symbol: CIX
TORONTO, Dec. 6, 2016 /CNW/ - CI Investments Inc. ("CI")
today announced that it has completed the merger of six funds into
other funds with similar mandates, as follows:
|
Terminating
fund
|
Continuing
fund
|
|
CI Short-Term
Advantage Corporate Class
|
CI Short-Term
Corporate Class
|
|
CI U.S. Equity Plus
Fund
|
Cambridge American
Equity Fund
|
|
Red Sky Canadian
Equity Corporate Class
|
Cambridge Canadian
Growth Companies Fund
|
|
Signature Diversified
Yield Fund
|
Signature Diversified
Yield II Fund
|
|
Signature Select
Global Corporate Class
|
CI Global Corporate
Class
(renamed Signature
Global Equity Corporate Class)
|
|
Signature Select
Global Fund
|
CI Global
Fund
(renamed Signature
Global Equity Fund)
|
Pursuant to the mergers, securityholders of each terminating
fund received an equivalent dollar amount of units or shares in the
respective continuing fund. The mergers were approved by the funds'
securityholders, as required, at meetings held on November 24 and December
1, 2016.
In addition, CI Global Fund was renamed Signature Global Equity
Fund and CI Global Corporate Class was renamed Signature Global
Equity Corporate Class effective December 5,
2016, to reflect that Signature Global Asset Management is
portfolio advisor to the funds.
About CI Investments
CI is one of Canada's largest investment management
companies. It offers a broad 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, Canadian-owned wealth
management firm with approximately $154.6
billion in assets as of November 30,
2016.
SOURCE CI Financial Corp.