TSX Symbol: CIX: UN
TORONTO, Oct. 15 /CNW/ - CI Investments Inc. ("CI") today announced the
launch of T-Class, a solution that allows investors to draw a tax-efficient
monthly cash flow from their non-registered investments while maintaining the
potential for growth.
T-Class makes monthly payments in the form of return of capital, which is
"After-tax income is the critical issue for investors since many
traditional interest-paying investments offer both low yields and high tax
rates," said Peter W. Anderson, CI's Chief Executive Officer. "As one of the
most tax-efficient investments available, T-Class is an important option for
retirees and other Canadians planning for their retirement."
CI's T-Class is available on 25 funds within CI Corporate Class, a
combination that offers true tax efficiency. The Corporate Class structure
minimizes annual dividends and allows investors to switch between funds
without triggering taxable capital gains - allowing for exceptional
flexibility in constructing a tax-efficient non-registered portfolio.
"This structure means that investors can enjoy the tax advantages and the
broad selection of top mutual funds within CI Corporate Class while saving for
retirement and then, at retirement, create an income stream by switching
tax-free to T-Class," Mr. Anderson said.
CI is offering one of the industry's broadest selections of series T
funds, including income, equity, balanced and portfolio funds. The T-Class
option is available on 25 Corporate Class funds, as well as four funds from
CI's popular Portfolio Series, which are mutual fund trusts.
Investors have their choice of annual payouts of 5% or 8%, or they can
create a customized payout through a combination of T-Class and non-T-Class
shares. Since the funds chosen for T-Class have a track record of performance
that would have sustained a payout of 5% or 8% without eroding investors'
capital, a T-Class portfolio has the potential for continued growth while also
providing a monthly cash flow. Additional information is available at
CI Investments Inc. is a corporation controlled by CI Financial Income
Fund (TSX: CIX.UN), an independent, Canadian-owned wealth management firm with
approximately $96.5 billion in fee-earning assets as of September 30, 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
For further information:
For further information: Peter W. Anderson, Chief Executive Officer, CI
Investments Inc., (416) 364-1145