CI Investments announces completion of fund mergers

TSX Symbol: CIX

TORONTO, Dec. 6, 2016 /CNW/ - CI Investments Inc. ("CI") today announced that it has completed the merger of six funds into other funds with similar mandates, as follows:

Terminating fund	Continuing fund
CI Short-Term Advantage Corporate Class	CI Short-Term Corporate Class
CI U.S. Equity Plus Fund	Cambridge American Equity Fund
Red Sky Canadian Equity Corporate Class	Cambridge Canadian Growth Companies Fund
Signature Diversified Yield Fund	Signature Diversified Yield II Fund
Signature Select Global Corporate Class	CI Global Corporate Class (renamed Signature Global Equity Corporate Class)
Signature Select Global Fund	CI Global Fund (renamed Signature Global Equity Fund)

 

Pursuant to the mergers, securityholders of each terminating fund received an equivalent dollar amount of units or shares in the respective continuing fund. The mergers were approved by the funds' securityholders, as required, at meetings held on November 24 and December 1, 2016.

In addition, CI Global Fund was renamed Signature Global Equity Fund and CI Global Corporate Class was renamed Signature Global Equity Corporate Class effective December 5, 2016, to reflect that Signature Global Asset Management is portfolio advisor to the funds.

About CI Investments
CI is one of Canada's largest investment management companies. It offers a broad 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, Canadian-owned wealth management firm with approximately $154.6 billion in assets as of November 30, 2016.

SOURCE CI Financial Corp.

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