TSX Symbol: BOI.UN
TORONTO, June 20 /CNW/ - CI Investments Inc. ("CI"), the trustee of
CI Global Opportunities II Fund (the "Fund"), announced that the Fund will
terminate, as scheduled, on June 30, 2007. In addition to the redemption,
holders of record on June 29, 2007 may receive a distribution. Immediately
prior to termination, the Fund will make a final distribution of its net
income and net capital gains, if any, to unitholders of record at the close of
business of June 29, 2007. The final distribution and the remaining net asset
value of the Fund, as a redemption, will be paid to unitholders on or about
July 13, 2007. Unitholders will receive their pro rata portion of the Fund's
assets as calculated on the close of business on June 29, 2007.
Units of the Fund will continue to trade on the Toronto Stock Exchange,
under the symbol BOI.UN, until the close of business on June 28, 2007. All
trades in the Fund's units after June 26, 2007 will be subject to abbreviated
settlement periods of the Toronto Stock Exchange in order for such trades to
settle on June 29, 2007 before the Fund terminates.
The portfolio advisor to CI Global Opportunities II Fund is Trident
Investment Management, LLC of New York. Trident, led by Chief Investment
Officer Nandu Narayanan, is also the portfolio advisor to Trident Global
Opportunities Fund, an open-end hedge fund offered by CI Investments Inc.
Trident employs an investment approach that combines top-down macroeconomic
analysis to identify attractive industries and trends with bottom-up analysis
and selection of securities. More information is available at www.ci.com.
For further information:
For further information: CI Investments Inc., (416) 364-1145 or