Monthly partial principal repayments will equal 75% of the ordinary distributions that became payable on Units of the Fund in the Fund Account in the previous calendar month, expressed as an amount per Deposit Note, subject to an aggregate maximum of $99.00 per Deposit Note. Indicative monthly partial principal repayments will equal 5.60% per annum if the Fund Account Value remains at $125.00 per Deposit Note throughout the term of the Deposit Notes and the Fund achieves its target yield of $0.60 per annum per Unit. There is no guarantee that the Fund Account Value will remain at $125.00. The partial principal repayments for any month during the term of the Deposit Notes will likely vary and could be zero.
2The monthly partial principal repayments of 8.96% per annum is expressed as a percentage of the NAV of the portfolio. It assumes 200% exposure to the Fund and that the Fund achieves its target yield of $0.60 per annum per Unit. There is no guarantee that 200% exposure to the fund will be realized on the Deposit Notes. The partial principal repayment for any month during the term of the Deposit Notes will likely vary and could be zero.
The indicated rates of return of the fund are the historical annual compounded total returns for Class A units of the fund, including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. It is possible that no Final Variable Payment will be payable at maturity. There is no maximum on the amount of the Final Variable Payment that may be payable at maturity except that a portion of any Final Variable Payment in excess of 60% per annum may be deferred to comply with Canadian law. ®CI Investments and the CI Investments design are registered trademarks of CI Investments Inc. “M.A.X. Deposit Notes” is a trademark of CIBC.
This flyer is intended for information purposes only and is not, and under no circumstances is to be construed as, an offering of the Deposit Notes described herein, or as investment advice. This flyer is intended to be read in conjunction with the Information Statement. The Deposit Notes described in the Information Statement are being offered in Canada only in those jurisdictions and to those persons where and to whom they may lawfully offered for sale, and therein only by persons permitted to sell such Deposit Notes. No securities commission or similar authority in Canada has reviewed or in any way passed upon this flyer or the Information Statement or the merits of the Deposit Notes described herein or therein, and any representation to the contrary is an offence.