CI Financial issues statement

    TSX Symbol: CIX.UN

    TORONTO, Aug. 22 /CNW/ - At the request of the Investment Industry
Regulatory Organization of Canada, on behalf of the Toronto Stock Exchange, CI
Financial Income Fund ("CI") today confirmed that over the past several
months, CI has had discussions with a number of parties concerning possible
strategic combinations involving CI and its subsidiaries. At the present time,
there is no certainty that any transaction will be completed. As per company
policy, CI will not comment further on rumours and speculation.

    CI Financial Income Fund (TSX: CIX.UN) is an independent, Canadian-owned
wealth management company with approximately $99.3 billion in fee-earning
assets as of July 31, 2008. CI offers a broad range of investment products and
services, including an industry-leading selection of investment funds, and is
on the Web at

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