TORONTO (November 12, 2019) – CI Investments Inc. (“CI”) today provided an update on its proposal to merge 30 investment funds into other mandates and announced portfolio management changes affecting two funds.

Under the proposal, first announced on September 23, 2019, 30 mandates (terminating funds) will be merging with other funds (continuing funds) and their investors will receive the equivalent dollar value of securities in the corresponding continuing funds.

In the case of 20 mergers, the approval of securityholders of the terminating funds and of certain continuing corporate class funds is required for the mergers to proceed. Securityholders in all such terminating funds approved the merger proposals at meetings held on November 11, 2019 in Toronto. Meetings of securityholders in the continuing corporate class funds have been adjourned to November 18, 2019.

The following mergers have received all required approvals and will take effect on or after November 22, 2019:

Terminating Fund
Continuing Fund
Cambridge Canadian Growth Companies FundCambridge Growth Companies Fund1
CI American Equity FundSentry U.S. Growth and Income Fund
CI Global Small Companies FundCambridge Growth Companies Fund1
Harbour Canadian Dividend FundSentry Growth and Income Fund2 
Harbour FundCI Canadian Investment Fund
Harbour Global Equity FundCI Global Value Fund
Harbour Global Growth & Income FundSignature Global Income & Growth Fund
Harbour Growth & Income FundSignature Canadian Balanced Fund
Lawrence Park Strategic Income FundCI Investment Grade Bond Fund
Marret High Yield Bond FundSignature High Yield Bond II Fund3
Sentry Alternative Asset Income FundSignature Diversified Yield II Fund4
Sentry Canadian Bond FundSignature Core Bond Plus Fund
Sentry Canadian Fixed Income Private PoolCI Canadian Fixed Income Private Pool
Sentry Conservative Monthly Income FundPortfolio Series Income Fund
Sentry Corporate Bond FundSignature Corporate Bond Fund
Sentry Diversified Equity FundSentry All Cap Income Fund
Sentry Energy FundSignature Global Energy Corporate Class
Sentry Global Growth and Income FundCambridge Global Dividend Fund
Sentry Global High Yield Bond FundSignature High Yield Bond II Fund3
Sentry Global Mid Cap Income FundCambridge Growth Companies Fund1
Sentry Global Tactical Fixed Income Private PoolCI Global Unconstrained Bond Private Pool
Sentry Money Market FundCI Money Market Fund
Signature Real Estate PoolSentry Global REIT Fund5

The following mergers will take place on or after April 3, 2020, pending the approval of securityholders of the continuing funds. The terminating funds listed below were closed to new investors effective November 11, 2019 until they are merged next year. Current securityholders and securityholders in discretionary managed accounts may continue to make additional investments into the funds.

Terminating Fund
Continuing Fund
CI Can-Am Small Cap Corporate ClassCambridge Growth Companies Corporate Class6
CI Global Small Companies Corporate ClassCambridge Growth Companies Corporate Class6
Harbour Corporate ClassCI Canadian Investment Corporate Class
Harbour Global Equity Corporate ClassCI Global Value Corporate Class
Harbour Global Growth & Income Corporate ClassSignature Global Income & Growth Corporate Class
Harbour Voyageur Corporate ClassCI Canadian Investment Corporate Class
Signature Gold Corporate ClassSentry Precious Metals Class

1To be renamed Cambridge Global Smaller Companies Fund

2To be renamed CI North American Dividend Fund

3To be renamed Signature High Yield Bond Fund

4To be renamed Signature Diversified Yield Fund

5To be renamed Signature Global REIT Fund

6To be renamed Cambridge Global Smaller Companies Corporate Class

Portfolio management changes 

Effective today, Cambridge Global Asset Management (“Cambridge”), a division of CI, has been named portfolio manager of CI Can-Am Small Cap Corporate Class and CI Global Small Companies Corporate Class.

The changes mean the funds will have the same portfolio manager as Cambridge Growth Companies Corporate Class, the fund into which they are being merged in April 2020. In preparation for the mergers, Cambridge will begin transitioning the portfolios of CI Can-Am Small Cap Corporate Class and CI Global Small Companies Corporate Class to align with the portfolio of Cambridge Growth Companies Corporate Class, which has an objective to provide long-term capital growth primarily through the investment in common shares of companies located anywhere in the world.

For further information about the mergers, along with a list of previously announced fund name changes that will take effect on or about November 22, 2019, please visit CI’s Fund Merger Information page on www.ci.com.

About CI Investments Inc. – Trusted Partner in Wealth™

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. CI Financial had $178 billion in assets as of October 31, 2019.

For further information: 
Murray Oxby
Vice-President, Communications
CI Investments Inc.
416-681-3254
moxby@ci.com

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