TSX Symbol: CIX
TORONTO, Sept. 15, 2015 /CNW/ - CI Investments Inc. ("CI") confirmed today that the merger of CI Alpine Growth Equity Fund into CI Canadian Small/Mid Cap Fund will proceed on September 25, 2015.
Effective at the close of business on September 25, unitholders of CI Alpine Growth Equity Fund will receive an equivalent dollar amount of units in CI Canadian Small/Mid Cap Fund, and CI Alpine Growth Equity Fund will be terminated. Following the merger, two segregated funds that currently invest in units of CI Alpine Growth Equity Fund – Clarica SF CI Alpine Growth Equity Fund and Clarica SF Growth Fund – will invest in units of CI Canadian Small/Mid Cap Fund.
Meanwhile, unitholder meetings called for September 18, 2015 to consider proposals to merge other funds have been postponed indefinitely. The proposals were to merge CI U.S. Equity Plus Fund into Cambridge American Equity Corporate Class, and to merge Signature Diversified Yield Fund into Signature Diversified Yield II Fund.
About CI Investments – Canada's Investment Company
CI Investments is one of Canada's largest investment management companies. It offers a wide range of investment products and services, 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 $140 billion in assets as of August 31, 2015.
SOURCE CI Financial Corp.
For further information: Murray Oxby, Director, Communications, CI Investments, (416) 681-3254