CI Global Asset Management Announces Risk Rating Changes for Two Funds

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Toronto – CI Global Asset Management (“CI GAM”) announces changes to the risk assessment of mutual funds. The following changes are immediate and apply to all series except the H series, which is currently Moderately rated and unchanged.

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The risk rating changes are based on the risk rating methodology approved by the Canadian Securities Regulators to determine the risk level of mutual funds, including ETFs. CI GAM reviews the risk rating of each fund it holds at least annually, and when the fund changes materially. These changes are the result of ongoing internal reviews and not the result of any changes in investment objectives, strategies or financial management.

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About CI Global Asset Management

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CI Global Asset Management (“CI GAM”) is one of Canada’s leading investment management companies, offering a wide range of solutions – including mutual funds, exchange-traded funds and other investments – to help Canadians achieve their financial goals. Founded in 1965, CI GAM has built a lasting legacy of innovation, disciplined portfolio management and commitment to investor success. We work with financial advisors, wealth management firms and institutions to help over 1.3 million investors. CI GAM is a subsidiary of CI Financial Corp. Toronto-based, global asset management and wealth management company. For more information, visit www.ci.com or follow us on LinkedIn.

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Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their prices change frequently, and past performance may not be repeated.

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This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy mutual funds managed by CI Global Asset Management and does not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Every effort has been made to ensure that the information contained in this document is accurate at the time of publication. Individuals should seek professional advice, as appropriate, regarding any particular investment. Investors should consult their professional advisors before making any changes to their investment strategies. This investment may not be suitable for the circumstances of the investor.

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Invesco^® and all related trademarks are trademarks of Invesco Holding Company Limited, and are used by CI Global Asset Management under license.

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CI Global Asset Management is a registered business name of CI Investments Inc.

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