TSX Symbol: CXC, CXC.PR.A
TORONTO, March 3 /CNW/ - CIX Split Corp. (the "Corporation") announced
today a distribution for the month ending March 31, 2008 of $0.04167 per
Priority Equity Share and $0.07 per Class A Share payable on March 31, 2008 to
unitholders of record as at March 15, 2008. The reduction in the distribution
is due to a reduction in the distribution of CI Financial Income Fund from
$0.19 to $0.16 per unit of CI Financial Income Fund.
The Corporation's investment objectives for the Priority Equity Shares
are to provide shareholders with tax-efficient fixed cumulative preferential
monthly cash distributions in the amount of $0.04167 per Priority Equity Share
to yield approximately 5.0% per annum on the original issue price and on or
about January 31, 2011 to pay to the holders of Priority Equity Shares the
original issue price of the Priority Equity shares.
The Corporation's investment objectives for the Class A Shares are to
provide holders of Class A Shares with regular tax-efficient monthly cash
distributions targeted to be $0.0875 per Class A Share to yield 7.0% per annum
on the original issue price and on or about January 31, 2011, to pay to the
holders of Class A Shares at least the original issue price of the Class A
The Corporation's Priority Equity Shares and Class A Shares are listed on
the Toronto Stock Exchange under the symbol CXC.PR.A and CXC respectively.
For further information:
For further information: CI Investments Inc., (416) 364-1145,