TORONTO, Nov. 14 /CNW/ - CI Investments Inc. ("CI") today announced the
launch of CI Protected Leverage Deposit Notes, Series 1 (the "Notes"), which
allow investors to benefit from the growth of a diverse portfolio of equity
and income securities, while enjoying the peace of mind of principal
The Notes, issued by Société Générale (Canada), offer a return, if any,
linked to the performance of units of Series A of Signature Income & Growth
Fund, a top income balanced fund from CI that uses active asset allocation to
capitalize on changing market conditions. The Notes' unique Protected
Leverage(TM) structure ensures that it has continuous 200% exposure to the
fund throughout its five-year life. The fund's distributions are automatically
reinvested into the Note structure to maximize tax-deferred growth, while the
principal amount is 100% guaranteed at maturity by Société Générale.
"The Notes are designed for investors who want growth but are concerned
about market volatility," said David R. McBain, CI Senior Vice-President. "The
Notes' structure maximizes performance potential through leverage while
controlling risk through principal protection and the fund's broad
diversification and active asset allocation."
Signature Income & Growth Fund has a strong track record, placing in the
first quartile of its category. As of October 31, 2007, the fund had a return
of 6.4% over one year and average annual returns of 12.2% over three years,
12.4% over five years and 9.4% since inception in November 2000.
The fund's portfolio is managed by CI's Signature Advisors and invests in
a broad range of asset classes, including government and corporate bonds,
high-quality income trusts, preferred shares and dividend-paying common
stocks. This diversification reduces risk and gives the managers more
flexibility to respond to changing market conditions, so that they can take
advantage of new opportunities as well as preserve capital. Lead portfolio
managers are Eric Bushell, Signature's Chief Investment Officer, and James
CI Protected Leverage Deposit Notes, Series 1, are available for sale
until December 7, 2007, through registered dealer representatives, and are
eligible for registered plans. The minimum purchase is $5,000. A complete
description of the Notes can be found in the Information Statement.
Société Générale is one of the largest financial services groups in the
euro zone, and has a presence in 77 countries worldwide. Founded in 1864, the
France-based institution serves 28 million retail banking customers, manages
450 billion euros of investment assets and has assets under custody of
2.6 trillion euros as of September 30, 2007.
CI Investments Inc. is a corporation controlled by CI Financial Income
Fund (TSX: CIX.UN), an independent, Canadian-owned wealth management firm with
approximately $97 billion in fee-earning assets as of October 31, 2007. CI
offers a broad range of investment products and services, including an
industry-leading selection of investment funds, and is on the Web at
This press release is for information purposes only and does not
constitute an offer to sell or a solicitation to buy the Notes referred to
herein. While a Holder is entitled to the payment at maturity, which cannot be
less then the principal amount of the Note, the Notes do not bear interest and
there can be no assurance that the notes will show any return. It is thus
possible that no return will be paid. Any sale in the secondary market may be
made at a price which is less than the principal amount and may be subject to
an applicable early trading charge. Ongoing Fees are associated with an
investment in the Notes. Potential investors should consult the Information
Statement before investing.
"Protected Leverage" is a trademark of Société Générale (Canada).
For further information:
For further information: David R. McBain, Senior Vice-President, CI
Investments Inc., (416) 364-1145