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CI Corporate Class distribution estimates for 2012

CI Investments wishes to inform investors and advisors that certain CI Corporate Class funds will pay eligible Canadian dividends in 2012. The list of affected funds and the estimated dividend amounts is available here. The dividends will be declared and paid on December 14 to all shareholders of record at the close of business on December 13, 2012.

The list of funds expecting to pay a dividend includes all series/classes of each fund. For example, the Class A, Class F and Class I shares of each fund will pay a dividend. Furthermore, all series/classes of the same fund will pay the same dividend yield.

Our goal for both our mutual fund trusts and Corporate Class funds is to minimize or eliminate taxable distributions and dividends whenever possible. We have established a strong track record of minimizing taxable dividends in our Corporate Class funds since their introduction in 1987.

However, eligible Canadian dividend income not distributed to investors would be subject to a refundable tax of 33% payable by the fund. To recoup the refundable tax, eligible Canadian dividends must be distributed to investors. As a result, the net tax burden will be reduced, as individual investors will pay tax at a lower rate than the corporation. Over time, if we do not distribute eligible Canadian dividends, the funds' returns will be affected.

CI Corporate Class funds continue to provide significant tax benefits to investors with their low distribution payout policy and the ability to switch among classes without triggering capital gains.

Thank you for your support.

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