TORONTO (July 3, 2019) – Further to its press release dated June 17, 2019, CI Investments Inc., (the "Manager"), as manager of Skylon Growth & Income Trust (the "Fund") (TSX: SKG.UN), announces that the redemption proceeds for units tendered for redemption in connection with the proposed merger of the Fund will be paid on or before July 5, 2019. Each unit redeemed will receive redemption proceeds equal to $7.191 per unit, representing the net asset value of the Fund on June 28, 2019. There will also be a non-cash distribution rate of $0.145 per unit.

For those unitholders who did not redeem, the Manager will issue a further press release confirming the details of the merger into CI First Asset Global Asset Allocation ETF as soon as practicable after all required approvals have been obtained.

For further information: 
Murray Oxby
Vice-President, Communications
CI Investments
(416) 681-3254