CI Investments announces approval of fund mergers

TORONTO, Nov. 6, 2017 /CNW/ - CI Investments Inc. ("CI") today announced that it has received the required securityholder approval to proceed with the merger of six funds into other funds with similar mandates.

The mergers are as follows:

Terminating fund

Continuing fund

Merger date

CI Global Managers Corporate Class

Select 100e Managed Portfolio Corporate
Class

November 24, 2017

CI International Corporate Class

CI International Value Corporate Class

November 3, 2017

CI International Fund

CI International Value Fund

November 3, 2017

Marret Strategic Yield Fund

Signature Diversified Yield II Fund

November 3, 2017

Signature High Yield Bond Fund

Signature High Yield Bond II Fund

November 3, 2017

Synergy Tactical Asset Allocation Fund

Signature Income & Growth Fund

November 3, 2017

 

The mergers relating to Signature High Yield Bond Fund and Synergy Tactical Asset Allocation Fund did not require securityholder approval. Securityholders of the remaining terminating funds approved the mergers at meetings on October 26 and November 2, 2017. In addition, approval was required and received from securityholders of two continuing funds – CI International Value Corporate Class and Select 100e Managed Portfolio Corporate Class.

Pursuant to the mergers, securityholders of each terminating fund received or will receive an equivalent dollar amount of units or shares in the respective continuing fund.

About CI Investments – Canada's Investment Company

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, Canadian-owned wealth management firm with $185.8 billion in assets as of October 31, 2017.

SOURCE CI Financial Corp.