CI Financial Co.

TORONTO--(BUSINESS WIRE)--CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary total assets of $375.8 billion as at December 31, 2022, consisting of asset management assets of $117.8 billion, Canadian wealth management assets of $77.5 billion, and U.S. wealth management assets of $180.6 billion. CI also reported preliminary net sales results for its asset management businesses for the fourth quarter of 2022. CI’s Canadian retail business had net sales of $1.6 billion during the quarter, and CI’s overall net sales were $1.9 billion. In wealth management, CI’s U.S. business generated net sales of $6.6 billion for the full year 2022, while Canadian wealth management had net sales of $3.8 billion. CI FINANCIAL CORP. December 31, 2022 PRELIMINARY MONTH-END ASSETS (C$ Billions) ENDING ASSETS December 2022 November 2022 % Change December 2021 % Change Asset management (1) $ 117.8 $ 121.7 -3.2 % $ 144.2 -18.3 % Canada wealth management $ 77.5 $ 79.9 -3.0 % $ 80.6 -3.8 % U.S. wealth management (2) $ 180.6 $ 183.3 -1.5 % $ 151.3 19.4 % TOTAL ASSETS $ 375.8 $ 384.9 -2.4 % $ 376.2 -0.1 % ASSET MANAGEMENT - AVERAGE AUM December 2022 November 2022 September 2022 Fiscal 2021 % Change Monthly average $ 119.8 $ 118.3 - - 1.3 % Quarter-to-date average $ 117.7 - $ 119.1 - -1.2 % Year-to-date average $ 125.0 - - $ 137.9 -9.4 % PRELIMINARY QUARTER-END NET SALES RESULTS (C$ billions) Asset Management Segment 4Q22 3Q22 2Q22 1Q22 4Q21 Canadian retail $1.6 $0.6 ($0.4) ($0.9) $0.1 Canadian institutional ($0.2) ($0.0) ($3.2) ($0.3) ($0.3) Australian asset management $0.0 ($0.4) ($0.1) ($0.3) $0.1 U.S. asset management $0.6 ($0.0) ($0.2) $0.4 $0.3 Closed business ($0.2) ($0.1) ($0.2) ($0.2) ($0.2) TOTAL $1.9 $0.1 ($4.1) ($1.2) ($0.0) About CI Financial CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. Founded in 1965, CI has developed world-class portfolio management talent, extensive capabilities in all aspects of wealth planning, and a comprehensive product suite. CI operates in three segments: Asset Management, which includes the operations of CI Global Asset Management and Australia-based GSFM Pty Ltd. Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth (Canada), Northwood Family Office, CI Direct Investing and CI Investment Services. U.S. Wealth Management, which includes CI Private Wealth US, a national network of best-in-class wealth management teams. CI is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: CIX) and the New York Stock Exchange (NYSE: CIXX). To learn more, visit CI’s website or LinkedIn page. CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of CI Financial Corp.» Mehr auf businesswire.com

TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) announces the following regular cash distributions for the month ending January 31, 2023 in respect of the CI ETFs. In all cases, the distribution will be paid on or before January 31, 2023 to unitholders of record on January 25, 2023. The ex-dividend date for all ETFs is January 24, 2023, with the exception of CI High Interest Savings ETF, which has an ex-dividend date of January 25, 2023. Trading Symbol Distribution Amount (per unit) CI Yield Enhanced Canada Aggregate Bond Index ETF CAGG $0.0718 CI Yield Enhanced Canada Short-Term Aggregate Bond Index ETF CAGS $0.0678 CI DoubleLine Core Plus Fixed Income US$ Fund (ETF Series) CCOR $0.0307 CCOR.B $0.0299 CCOR.U US$0.0317 CI DoubleLine Total Return Bond US$ Fund (ETF Series) CDLB $0.0373 CDLB.B $0.0368 CDLB.U US$0.0377 CI Floating Rate Income Fund (ETF Series) CFRT $0.0747 CI Global Asset Allocation Private Pool (ETF Series) CGAA $0.0258 CI Global Bond Currency Neutral Fund (ETF Series) CGBN $0.0371 CI Global High Yield Credit Private Pool (ETF Series) CGHY $0.0315 CGHY.U US$0.0316 CI Global Investment Grade ETF CGIN $0.0540 CGIN.U US$0.0540 CI Global Real Asset Private Pool (ETF Series) CGRA $0.0770 CI Global Green Bond Fund (ETF Series) CGRB $0.0216 CGRB.U US$0.0211 CI Global REIT Private Pool (ETF Series) CGRE $0.0860 CI Global Sustainable Infrastructure Fund (ETF Series) CGRN $0.0500 CGRN.U US$0.0500 CI DoubleLine Income US$ Fund (ETF Series) CINC $0.0757 CINC.B $0.0730 CINC.U US$0.0754 CI Global Infrastructure Private Pool (ETF Series) CINF $0.0690 CI Marret Alternative Absolute Return Bond Fund (ETF Series) CMAR $0.0670 CMAR.U US$0.0670 CI Alternative Diversified Opportunities Fund (ETF Series) CMDO $0.0640 CMDO.U US$0.0640 CI Marret Alternative Enhanced Yield Fund (ETF Series) CMEY $0.0720 CMEY.U US$0.0720 CI Alternative Investment Grade Credit Fund (ETF Series) CRED $0.0500 CRED.U US$0.0500 CI High Interest Savings ETF CSAV $0.2071 CI U.S. Treasury Inflation-linked Bond Index ETF (CAD Hedged) CTIP $0.0392 CI Canadian Convertible Bond ETF CXF $0.0400 CI Short Term Government Bond Index Class ETF FGB $0.0304 CI Investment Grade Bond ETF FIG $0.0320 FIG.U US$0.0248 CI Preferred Share ETF FPR $0.0768 CI Enhanced Short Duration Bond Fund (ETF Series) FSB $0.0320 FSB.U US$0.0320 CI ONE North American Core Plus Bond ETF ONEB $0.1168 CI Canadian REIT ETF RIT $0.0675 Supporting investors’ needs Stay in the market, minimize costs, and take advantage of a smart, simple and efficient feature designed to support investors’ needs. The CI Distribution Reinvestment Plan (DRIP) will automatically reinvest cash distributions into the CI ETF making the distribution. All of the distributions indicated in the table above will be paid in cash unless the unitholder has enrolled in the applicable DRIP of the respective ETF. For more information on how to enroll in DRIP and other considerations, please see the applicable ETF’s prospectus. 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 integrated global asset and wealth management company with $384.9 billion in total assets as of November 30, 2022. 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. Marret Asset Management Inc., DoubleLine Capital LP, are portfolio sub-advisors to certain funds offered and managed by CI Global Asset Management. CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2023. All rights reserved.» Mehr auf businesswire.com

TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) today announced a proposal to merge CI Global Equity Income Private Pool Class into CI Global Concentrated Equity Private Pool, and a risk rating change for the Hedged Common Units of CI Tech Giants Covered Call ETF (TSX: TXF). Fund merger CI GAM is proposing the merger to reduce duplication within its product lineup as part of its strategic priority of modernizing its asset management business. Both CI Global Equity Income Private Pool Class (the “Terminating Fund”) and CI Global Concentrated Equity Private Pool (the “Continuing Fund”) are global equity funds within CI’s private pool platform. They have substantially similar investment objectives and a risk rating of Medium. The CI GAM investment team is portfolio manager of both funds. CI GAM expects the merger to benefit securityholders by resulting in a Continuing Fund with a larger asset base, allowing for increased portfolio diversification opportunities and a larger profile within the marketplace. Additionally, management and administration fees payable by investors in the Continuing Fund are lower than those of the Terminating Fund. The costs and expenses associated with the merger are being borne by CI GAM, not the funds. The merger will result in a taxable disposition for investors holding units of the Terminating Fund outside of registered plans. The merger requires the approval of the Terminating Fund’s securityholders and CI GAM has scheduled a securityholder meeting to vote on the proposal for March 22, 2023. Meeting materials will be mailed to affected securityholders in February 2023. If approved, the merger will take place on or after April 14, 2023. ETF risk rating change The risk rating for Hedged Common Units of CI Tech Giants Covered Call ETF (TSX: TXF) is being changed to Medium-to-High from Medium, 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 not the result of any changes to the investment objectives, strategies or management of the ETF. 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 integrated global asset and wealth management company with approximately $384.9 billion in assets as of November 30, 2022. 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 document contains forward-looking statements concerning anticipated future events, results, circumstances, performance or expectations with respect to CI Financial Corp. (“CI”) and its products and services, including its business operations, strategy and financial performance and condition. Forward-looking statements are typically identified by words such as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan” and “project” and similar references to future periods, or conditional verbs such as “will”, “may”, “should”, “could” or “would”. These statements are not historical facts but instead represent management beliefs regarding future events, many of which by their nature are inherently uncertain and beyond management’s control. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties. The material factors and assumptions applied in reaching the conclusions contained in these forward-looking statements include that all announced transactions will be completed and that assets levels do not decline prior to completion, the investment fund industry will remain stable and that interest rates will remain relatively stable. Factors that could cause actual results to differ materially from expectations include, among other things, general economic and market conditions, including interest and foreign exchange rates, global financial markets, changes in government regulations or in tax laws, industry competition, technological developments and other factors described or discussed in CI’s disclosure materials filed with applicable securities regulatory authorities from time to time. The foregoing list is not exhaustive and the reader is cautioned to consider these and other factors carefully and not to place undue reliance on forward-looking statements. Other than as specifically required by applicable law, CI undertakes no obligation to update or alter any forward-looking statement after the date on which it is made, whether to reflect new information, future events or otherwise. The CI Exchange-Traded Funds (ETFs) are managed by CI Global Asset Management, a wholly owned subsidiary of CI Financial Corp. (TSX: CIX; NYSE: CIXX). CI Global Asset Management is a registered business name of CI Investments Inc. 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. ©CI Investments Inc. 2023. All rights reserved.» Mehr auf businesswire.com