CI Global Asset Management Announces Estimated Reinvested Distributions in Connection with Fund Mergers and CMVX Termination

TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) announces the following estimated reinvested distributions (the “Estimated Reinvested Distributions”) in respect of the upcoming termination of CI Galaxy Metaverse ETF (“CMVX”) and the mergers of the ETFs and ETF Series of mutual funds listed in the table below.

The mergers were announced on November 18, 2024 and will be implemented after the close of business on or about April 4, 2025.

The termination of CMVX was announced on January 15, 2025 and will be implemented on or about April 7, 2025 (the “Termination Date”). CI GAM will request the Toronto Stock Exchange (“TSX”) to delist CMVX from the TSX on or about April 4, 2025 (the “Delisting Date”), with all units of CMVX still held by investors being subject to a mandatory redemption as of the Termination Date. Until such date, units of CMVX will continue to be listed on the TSX and unitholders of such units will be able to sell their units through the facilities of the TSX until the Delisting Date.

As soon as practicable following the Termination Date, any remaining unitholders of CMVX as of the Termination Date will receive the net proceeds from the liquidation of CMVX’s assets, less all liabilities and obligations attributable to such units, on a pro-rata basis. CI GAM will issue an additional press release on or about the Termination Date confirming final details of the termination.

In all cases, these Estimated Reinvested Distributions will be reinvested on or about April 4, 2025 to unitholders of record on April 3, 2025. The Estimated Reinvested Distributions will not be paid in cash but will be reinvested and the resulting units immediately consolidated, so that the number of units held by each investor will not change.

Name	Ticker	Estimated Reinvested Distribution Amount (to be reinvested and consolidated)
CI 1-5 Year Laddered Government Strip Bond Index ETF	BXF	$0.0000
CI Bio-Revolution Index ETF	CDNA	$0.0119
CI Global Short-Term Bond Fund (ETF C$ Series)	CGSB	$0.0000
CI Global Healthcare Leaders Index ETF	CHCL.B	$1.2434
CI Galaxy Metaverse ETF	CMVX	$0.0000
CI Short Term Government Bond Index Class ETF	FGB	$0.0000

About CI Global Asset Management

CI Global Asset Management (“CI GAM”) 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 GAM is a subsidiary of CI Financial Corp. (TSX: CIX), an integrated global asset and wealth management company with approximately $529.4 billion in total assets as at December 31, 2024.

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 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.

Certain statements in this document are forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained herein are based upon what CI Global Asset Management believe to be reasonable assumptions, CI Global Asset Management cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

The CI Exchange-Traded Funds are managed by CI Global Asset Management, a wholly owned subsidiary of CI Financial Corp. (TSX: CIX). CI Global Asset Management is a registered business name of CI Investments Inc.

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