CI Financial Income Fund announces that it was not able to meet target for circular for DundeeWealth Inc.

    TSX Symbol: CIX.UN

    TORONTO, Oct. 26 /CNW/ - CI Financial Income Fund (TSX: CIX.UN) announced
today that it was not able to meet the October target for the take-over bid
circular for DundeeWealth Inc.
    On September 26, 2007 CI announced its intention to make a take-over bid
to acquire all of the common shares of DundeeWealth Inc. At that time, CI
stated that it expected to be in a position to mail its take-over bid circular
in October. CI today announced that circumstances have changed and as such CI
does not anticipate being able to proceed in accordance within the previously
announced timeframe.

    About CI Financial Income Fund

    CI Financial Income Fund is an independent, Canadian-owned wealth
management company with approximately $96.5 billion in fee-earning assets as
at September 30, 2007. CI offers a broad range of investment products and
services, including an industry-leading selection of investment funds. CI is
on the Web at

For further information:

For further information: William T. Holland, Chief Executive Officer,
Stephen A. MacPhail, President, CI Financial Income Fund, (416) 364-1145

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