CI making special payments to investors in selected funds

February 10, 2016

CI Investments will be making special payments to current and former investors in a number of CI funds. As a result of an administrative error, interest income earned by the funds was not recorded as an asset of the funds. CI will be distributing to investors an amount equal to the accumulated interest income.

Investors who are entitled to payments will be notified by mail. We expect to begin making the payments in March 2016.

CI's distribution plan is designed to ensure that investors will be restored to the economic position they would have been in had the error not occurred. CI has hired an independent consultant to review the process for calculating investor payments and ensure that it is consistent with the distribution plan. We also promptly reported the error to the Ontario Securities Commission and its officials have reviewed the plan.

For more information, you may call CI Client Services at 1-877-540-4828. However, please be aware that at this time, we are not in a position to confirm the amount an investor will receive because of the continued testing and validation of our payment calculations.

We apologize for the error and any inconvenience this process may cause you. We take our responsibilities to the funds very seriously and will continue to work hard to earn your trust and continued support.

Sincerely,
CI Investments

CI Financial Corp. issued this content on 11 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2016 16:39:19 UTC

Original Document: http://ci.com/web/whatsnew/whatsnew_index.jsp?lang=&no=160210