TSX SYMBOL: CIX
TORONTO, Aug. 17 /CNW/ - CI Investments Inc. ("CI") announced today that
it has completed the merger of 16 mutual funds into other funds in the CI
lineup.
With the mergers, which became effective after the close of business
Friday, August 14, CI has streamlined and simplified its lineup while
continuing to offer a broad selection of investment funds.
The mergers took place as follows:-------------------------------------------------------------------------
Terminated Fund Continuing Fund
-------------------------------------------------------------------------
Blackmont Corporate Bond Fund Signature Corporate Bond Corporate
Class
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CI Global Balanced Corporate Class CI International Balanced Corporate
Class
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CI Global Biotechnology Corporate CI Global Health Sciences Corporate
Class Class
-------------------------------------------------------------------------
CI Global Consumer Products CI Global Value Corporate Class
Corporate Class
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CI Global Financial Services CI Global Value Corporate Class
Corporate Class
-------------------------------------------------------------------------
Knight Bain Canadian Bond Fund Signature Canadian Bond Fund
-------------------------------------------------------------------------
Knight Bain Corporate Bond Fund Signature Canadian Bond Fund
-------------------------------------------------------------------------
Knight Bain Diversified Monthly Signature Global Income & Growth
Income Fund Fund
-------------------------------------------------------------------------
Knight Bain Pure Canadian Equity Signature Select Canadian Fund
Fund
-------------------------------------------------------------------------
Knight Bain Small Cap Fund CI Can-Am Small Cap Corporate Class
-------------------------------------------------------------------------
Signature Canadian Asset Allocation Signature Canadian Balanced Fund
Fund
-------------------------------------------------------------------------
Synergy Canadian Style Management Synergy Canadian Corporate Class
Corporate Class
-------------------------------------------------------------------------
Synergy Focus Canadian Equity Fund Synergy Canadian Corporate Class
-------------------------------------------------------------------------
Synergy Focus Global Equity Fund Synergy Global Corporate Class
-------------------------------------------------------------------------
Synergy Global Style Management Synergy Global Corporate Class
Corporate Class
-------------------------------------------------------------------------
Signature Long-Term Bond Fund Signature Canadian Bond Fund
-------------------------------------------------------------------------Where required, the mergers were approved by securityholders in meetings
held on August 10, 2009.
In addition, securityholders of Signature Corporate Bond Fund and
Signature Corporate Bond Corporate Class approved a change in the funds'
investment objectives to permit increased exposure to investment-grade
corporate bonds and to remove the restriction to invest mainly in Canadian
securities. Effective July 1, 2009, CI reduced the annual management fees of
the two funds to 1.70% from 2.0% for Class A, and to 0.85% from 1.50% for
Class F.
CI Investments Inc. is one of Canada's largest investment management
companies. It offers a broad range of investment products and services,
including an industry-leading selection of investment funds, 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 $89.5
billion in fee-earning assets as of July 31, 2009.
For further information: Murray Oxby, Director, Communications, CI
Investments Inc., (416) 681-3254
