MAXimize After-Tax Cash Flow
1 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 5.20% 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. As at May 31, 2007, the indicated distribution rate on the Fund was 5.55%. 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. Initially, units of the fund will be notionally purchased using the net proceeds of $95.00 per Deposit Note, together with a Loan of $30.00, for a total notional investment in units of $125.00 per Deposit Note.
2The monthly partial principal repayments of 8.33% 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 return on the Deposit Notes is linked to CI Global High Dividend Advantage Fund. Details regarding the dynamic allocation strategy, calculation and payment of the final variable payment, repayment of principal and certain risk factors are contained in the Information Statement dated May 31, 2007 relating to the CIBC CI M.A.X. Deposit Notes,™ Series 9, ROC. Investors are encouraged to read the Information Statement carefully before investing in the Deposit Notes and to discuss the suitability of the investment with their investment advisor.