CI Financial Corp. (CIXX)

TORONTO--(BUSINESS WIRE)--CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary total assets of $375.8 billion as at December 31, 2022, consisting of asset management assets of $117.8 billion, Canadian wealth management assets of $77.5 billion, and U.S. wealth management assets of $180.6 billion. CI also reported preliminary net sales results for its asset management businesses for the fourth quarter of 2022. CI’s Canadian retail business had net sales of $1.6 billion during the quarter, and CI’s overall net sales were $1.9 billion. In wealth management, CI’s U.S. business generated net sales of $6.6 billion for the full year 2022, while Canadian wealth management had net sales of $3.8 billion. CI FINANCIAL CORP. December 31, 2022 PRELIMINARY MONTH-END ASSETS (C$ Billions) ENDING ASSETS December 2022 November 2022 % Change December 2021 % Change Asset management (1) $ 117.8 $ 121.7 -3.2 % $ 144.2 -18.3 % Canada wealth management $ 77.5 $ 79.9 -3.0 % $ 80.6 -3.8 % U.S. wealth management (2) $ 180.6 $ 183.3 -1.5 % $ 151.3 19.4 % TOTAL ASSETS $ 375.8 $ 384.9 -2.4 % $ 376.2 -0.1 % ASSET MANAGEMENT - AVERAGE AUM December 2022 November 2022 September 2022 Fiscal 2021 % Change Monthly average $ 119.8 $ 118.3 - - 1.3 % Quarter-to-date average $ 117.7 - $ 119.1 - -1.2 % Year-to-date average $ 125.0 - - $ 137.9 -9.4 % PRELIMINARY QUARTER-END NET SALES RESULTS (C$ billions) Asset Management Segment 4Q22 3Q22 2Q22 1Q22 4Q21 Canadian retail $1.6 $0.6 ($0.4) ($0.9) $0.1 Canadian institutional ($0.2) ($0.0) ($3.2) ($0.3) ($0.3) Australian asset management $0.0 ($0.4) ($0.1) ($0.3) $0.1 U.S. asset management $0.6 ($0.0) ($0.2) $0.4 $0.3 Closed business ($0.2) ($0.1) ($0.2) ($0.2) ($0.2) TOTAL $1.9 $0.1 ($4.1) ($1.2) ($0.0) About CI Financial CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. Founded in 1965, CI has developed world-class portfolio management talent, extensive capabilities in all aspects of wealth planning, and a comprehensive product suite. CI operates in three segments: Asset Management, which includes the operations of CI Global Asset Management and Australia-based GSFM Pty Ltd. Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth (Canada), Northwood Family Office, CI Direct Investing and CI Investment Services. U.S. Wealth Management, which includes CI Private Wealth US, a national network of best-in-class wealth management teams. CI is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: CIX) and the New York Stock Exchange (NYSE: CIXX). To learn more, visit CI’s website or LinkedIn page. CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of CI Financial Corp.

TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) announces the following regular cash distributions for the month ending January 31, 2023 in respect of the CI ETFs. In all cases, the distribution will be paid on or before January 31, 2023 to unitholders of record on January 25, 2023. The ex-dividend date for all ETFs is January 24, 2023, with the exception of CI High Interest Savings ETF, which has an ex-dividend date of January 25, 2023. Trading Symbol Distribution Amount (per unit) CI Yield Enhanced Canada Aggregate Bond Index ETF CAGG $0.0718 CI Yield Enhanced Canada Short-Term Aggregate Bond Index ETF CAGS $0.0678 CI DoubleLine Core Plus Fixed Income US$ Fund (ETF Series) CCOR $0.0307 CCOR.B $0.0299 CCOR.U US$0.0317 CI DoubleLine Total Return Bond US$ Fund (ETF Series) CDLB $0.0373 CDLB.B $0.0368 CDLB.U US$0.0377 CI Floating Rate Income Fund (ETF Series) CFRT $0.0747 CI Global Asset Allocation Private Pool (ETF Series) CGAA $0.0258 CI Global Bond Currency Neutral Fund (ETF Series) CGBN $0.0371 CI Global High Yield Credit Private Pool (ETF Series) CGHY $0.0315 CGHY.U US$0.0316 CI Global Investment Grade ETF CGIN $0.0540 CGIN.U US$0.0540 CI Global Real Asset Private Pool (ETF Series) CGRA $0.0770 CI Global Green Bond Fund (ETF Series) CGRB $0.0216 CGRB.U US$0.0211 CI Global REIT Private Pool (ETF Series) CGRE $0.0860 CI Global Sustainable Infrastructure Fund (ETF Series) CGRN $0.0500 CGRN.U US$0.0500 CI DoubleLine Income US$ Fund (ETF Series) CINC $0.0757 CINC.B $0.0730 CINC.U US$0.0754 CI Global Infrastructure Private Pool (ETF Series) CINF $0.0690 CI Marret Alternative Absolute Return Bond Fund (ETF Series) CMAR $0.0670 CMAR.U US$0.0670 CI Alternative Diversified Opportunities Fund (ETF Series) CMDO $0.0640 CMDO.U US$0.0640 CI Marret Alternative Enhanced Yield Fund (ETF Series) CMEY $0.0720 CMEY.U US$0.0720 CI Alternative Investment Grade Credit Fund (ETF Series) CRED $0.0500 CRED.U US$0.0500 CI High Interest Savings ETF CSAV $0.2071 CI U.S. Treasury Inflation-linked Bond Index ETF (CAD Hedged) CTIP $0.0392 CI Canadian Convertible Bond ETF CXF $0.0400 CI Short Term Government Bond Index Class ETF FGB $0.0304 CI Investment Grade Bond ETF FIG $0.0320 FIG.U US$0.0248 CI Preferred Share ETF FPR $0.0768 CI Enhanced Short Duration Bond Fund (ETF Series) FSB $0.0320 FSB.U US$0.0320 CI ONE North American Core Plus Bond ETF ONEB $0.1168 CI Canadian REIT ETF RIT $0.0675 Supporting investors’ needs Stay in the market, minimize costs, and take advantage of a smart, simple and efficient feature designed to support investors’ needs. The CI Distribution Reinvestment Plan (DRIP) will automatically reinvest cash distributions into the CI ETF making the distribution. All of the distributions indicated in the table above will be paid in cash unless the unitholder has enrolled in the applicable DRIP of the respective ETF. For more information on how to enroll in DRIP and other considerations, please see the applicable ETF’s prospectus. About CI Global Asset Management CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with $384.9 billion in total assets as of November 30, 2022. This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange-traded funds (ETFs) managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor. Some conditions apply. Commissions, management fees and expenses all may be associated with an investment in ETFs. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Important information about an exchange-traded fund (ETF) is contained in its prospectus. ETFs are not guaranteed; their values change frequently and past performance may not be repeated. Marret Asset Management Inc., DoubleLine Capital LP, are portfolio sub-advisors to certain funds offered and managed by CI Global Asset Management. CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2023. All rights reserved.

TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) today announced a proposal to merge CI Global Equity Income Private Pool Class into CI Global Concentrated Equity Private Pool, and a risk rating change for the Hedged Common Units of CI Tech Giants Covered Call ETF (TSX: TXF). Fund merger CI GAM is proposing the merger to reduce duplication within its product lineup as part of its strategic priority of modernizing its asset management business. Both CI Global Equity Income Private Pool Class (the “Terminating Fund”) and CI Global Concentrated Equity Private Pool (the “Continuing Fund”) are global equity funds within CI’s private pool platform. They have substantially similar investment objectives and a risk rating of Medium. The CI GAM investment team is portfolio manager of both funds. CI GAM expects the merger to benefit securityholders by resulting in a Continuing Fund with a larger asset base, allowing for increased portfolio diversification opportunities and a larger profile within the marketplace. Additionally, management and administration fees payable by investors in the Continuing Fund are lower than those of the Terminating Fund. The costs and expenses associated with the merger are being borne by CI GAM, not the funds. The merger will result in a taxable disposition for investors holding units of the Terminating Fund outside of registered plans. The merger requires the approval of the Terminating Fund’s securityholders and CI GAM has scheduled a securityholder meeting to vote on the proposal for March 22, 2023. Meeting materials will be mailed to affected securityholders in February 2023. If approved, the merger will take place on or after April 14, 2023. ETF risk rating change The risk rating for Hedged Common Units of CI Tech Giants Covered Call ETF (TSX: TXF) is being changed to Medium-to-High from Medium, effective immediately. The risk rating change is based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds, including ETFs. CI GAM reviews the risk rating for each of the funds it manages at least on an annual basis, as well as when a fund undergoes a material change. This change is not the result of any changes to the investment objectives, strategies or management of the ETF. About CI Global Asset Management CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with approximately $384.9 billion in assets as of November 30, 2022. Commissions, trailing commissions, management fees and expenses all may be associated with an investment in mutual funds and exchange-traded funds (ETFs). Please read the prospectus before investing. Important information about mutual funds and ETFs is contained in their respective prospectus. Mutual funds and ETFs are not guaranteed; their values change frequently, and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. This document contains forward-looking statements concerning anticipated future events, results, circumstances, performance or expectations with respect to CI Financial Corp. (“CI”) and its products and services, including its business operations, strategy and financial performance and condition. Forward-looking statements are typically identified by words such as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan” and “project” and similar references to future periods, or conditional verbs such as “will”, “may”, “should”, “could” or “would”. These statements are not historical facts but instead represent management beliefs regarding future events, many of which by their nature are inherently uncertain and beyond management’s control. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties. The material factors and assumptions applied in reaching the conclusions contained in these forward-looking statements include that all announced transactions will be completed and that assets levels do not decline prior to completion, the investment fund industry will remain stable and that interest rates will remain relatively stable. Factors that could cause actual results to differ materially from expectations include, among other things, general economic and market conditions, including interest and foreign exchange rates, global financial markets, changes in government regulations or in tax laws, industry competition, technological developments and other factors described or discussed in CI’s disclosure materials filed with applicable securities regulatory authorities from time to time. The foregoing list is not exhaustive and the reader is cautioned to consider these and other factors carefully and not to place undue reliance on forward-looking statements. Other than as specifically required by applicable law, CI undertakes no obligation to update or alter any forward-looking statement after the date on which it is made, whether to reflect new information, future events or otherwise. The CI Exchange-Traded Funds (ETFs) are managed by CI Global Asset Management, a wholly owned subsidiary of CI Financial Corp. (TSX: CIX; NYSE: CIXX). CI Global Asset Management is a registered business name of CI Investments Inc. This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is 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 material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor. ©CI Investments Inc. 2023. All rights reserved.

TORONTO--(BUSINESS WIRE)--Gestion mondiale d’actifs CI (« GMA CI ») a annoncé aujourd’hui une proposition de fusion de la Catégorie mandat privé d’actions de revenu mondiales CI avec le Mandat privé d’actions concentrées mondiales CI, et un changement de cote de risque pour les parts ordinaires couvertes du FNB Options d’achat couvertes sur géants des technologies CI (TSX : TXF). Fusion de fonds GMA CI propose la fusion pour réduire les duplications au sein de sa gamme de produits dans le cadre de sa priorité stratégique de modernisation de ses activités de gestion d’actifs. La Catégorie mandat privé d’actions de revenu mondiales CI (le « Fonds clôturé ») et le Mandat privé d’actions concentrées mondiales CI (le « Fonds prorogé ») sont des fonds d’actions mondiales au sein de la plateforme de mandat privé CI. Ils ont des objectifs de placement sensiblement similaires et une cote de risque de Moyenne. L’équipe d’investissement de GMA CI est le gestionnaire de portefeuille des deux fonds. GMA CI s’attend à ce que la fusion profite aux détenteurs de titres en donnant lieu à un fonds prorogé avec une base d’actifs plus importante, ce qui permet d’accroître les possibilités de diversification du portefeuille et d’avoir un profil plus important sur le marché. Les frais de gestion et d’administration payables par les investisseurs pour le fonds prorogé sont identiques ou inférieurs à ceux du fonds clôturé correspondant. Les coûts et les dépenses liés à la fusion sont assumés par GMA CI et non par les fonds. La fusion entraînera une disposition imposable pour les investisseurs qui détiennent des parts du Fonds clôturé en dehors des régimes enregistrés. La fusion nécessite l’approbation des détenteurs de titres du Fonds clôturé et GMA CI a planifié une assemblée des détenteurs de titres pour voter sur la proposition le 22 mars 2023. Les documents de l’assemblée seront envoyés par la poste aux détenteurs de titres concernés en février 2023. Si elle est approuvée, la fusion aura lieu à compter du 14 avril 2023. Modification de la cote de risque d’un FNB La cote de risque des parts ordinaires couvertes du FNB Options d’achat couvertes sur géants des technologies CI (TSX : TXF) est passée de « Moyen » à « Moyen à élever », avec prise d’effet immédiate. Les modifications à la cote de risque sont déterminées selon la méthodologie de classement du risque établie par les Autorités canadiennes en valeurs mobilières visant à déterminer le niveau de risque des fonds communs de placement, incluant des FNB. GMA CI revoit le classement du risque de chacun des fonds sous sa gestion au moins une fois par an et chaque fois qu’un fonds subit un changement significatif. Cette modification n’est pas attribuable à un changement des objectifs ou stratégies de placement ni à la gestion du FNB. À propos de Gestion mondiale d’actifs CI Gestion mondiale d’actifs CI est l’une des plus grandes sociétés de gestion d’investissement du Canada. Elle offre une vaste gamme de produits et de services de placement dont tous les détails se trouvent sur son site Web : www.ci.com. Gestion mondiale d’actifs CI est une filiale de Financière CI (TSX : CIX, NYSE : CIXX), une société mondiale intégrée de gestion d’actifs et de patrimoine avec environ 384,9 milliards de dollars d’actifs totaux au 30 novembre 2022. L’investissement dans les fonds communs de placement et les fonds négociés en bourse (FNB) peuvent être assortis de commissions, de commissions de suivi, de frais de gestion et d’autres frais. Veuillez lire le prospectus avant d’investir. Des renseignements importants sur les fonds communs de placement et les fonds négociés en bourse (FNB) figurent dans leurs prospectus respectifs. Les fonds communs de placement et les FNB ne sont pas garantis; leur valeur fluctue fréquemment, et les rendements passés pourraient ne pas se répéter. Habituellement, vous payez des frais de courtage à votre courtier si vous achetez ou vendez des parts d’un FNB sur une bourse canadienne reconnue. Si les parts sont achetées ou vendues sur ces bourses canadiennes, les investisseurs pourraient payer plus que la valeur liquidative courante lorsqu’ils achètent les parts du FNB et recevoir moins que la valeur liquidative courante lorsqu’ils les vendent. Ce document contient des déclarations prospectives concernant des événements, des résultats, des circonstances, des performances ou des attentes futurs prévus concernant la Financière CI Corp. (« CI ») et ses produits et services, y compris ses activités commerciales, sa stratégie et sa performance, et sa situation financières. Les énoncés prospectifs sont généralement identifiés par des mots tels que « croire », « prévoir », « anticiper », « avoir l’intention », « estimer », « objectif », « planifier » et « projeter » et des références similaires à des périodes futures, ou des verbes conditionnels tels que « fera », « peut », « devrait », « pourrait » ou « serait ». Ces déclarations ne sont pas des faits historiques, mais représentent plutôt des croyances de la direction concernant des événements futurs, dont beaucoup, de par leur nature, sont intrinsèquement incertaines et échappent au contrôle de la direction. Bien que la direction estime que les attentes reflétées dans ces déclarations prospectives sont fondées sur des hypothèses raisonnables, ces déclarations comportent des risques et des incertitudes. Les facteurs et hypothèses importants appliqués pour parvenir aux conclusions contenues dans ces déclarations prospectives comprennent le fait que toutes les transactions annoncées seront réalisées et que les niveaux d’actifs ne diminueront pas avant la réalisation, que le secteur des fonds d’investissement restera stable et que les taux d’intérêt resteront relativement stables. Les facteurs qui pourraient faire en sorte que les résultats réels diffèrent sensiblement des attentes comprennent, entre autres, les conditions générales de l’économie et du marché, y compris les taux d’intérêt et de change, les marchés financiers mondiaux, les modifications des réglementations gouvernementales ou des lois fiscales, la concurrence du secteur, les développements technologiques et autres facteurs décrits ou discutés dans les documents d’information de CI déposés à l’occasion auprès des autorités en valeurs mobilières compétentes. La liste qui précède n’est pas exhaustive et le lecteur est prié d’examiner attentivement ces facteurs et d’autres et de ne pas se fier indûment aux déclarations prospectives. À l’exception de ce qui est spécifiquement requis par la loi applicable, CI n’assume aucune obligation de mettre à jour ou de modifier tout énoncé prospectif après la date à laquelle il est fait, que ce soit pour refléter de nouvelles informations, des événements futurs ou autrement. Les fonds négociés en bourse (FNB) CI sont gérés par Gestion mondiale d’actifs CI, une filiale en propriété exclusive de Financière CI Corp. (TSX : CIX; NYSE : CIXX). Gestion mondiale d’actifs CI est le nom d’une entreprise enregistrée de CI Investments Inc. Cette communication est destinée à des fins d’information uniquement et ne constitue pas une offre de vente ou la sollicitation d’une offre d’achat de fonds communs de placement gérés par Gestion mondiale d’actifs CI et n’est pas, et ne doit pas être interprétée comme, un conseil en matière d’investissement, de fiscalité, de droit ou de comptabilité, et ne doit pas être invoquée à cet égard. Tous les efforts ont été faits pour s’assurer que les informations contenues dans ce document sont exactes au moment de la publication. Les particuliers doivent demander l’avis de professionnels, le cas échéant, concernant tout investissement particulier. Les investisseurs devraient consulter leur conseiller professionnel avant d’apporter tout changement à leurs stratégies d’investissement. Ces placements peuvent ne pas convenir aux circonstances d’un investisseur. © CI Investments Inc., 2023. Tous droits réservés.

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TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) announces the following reinvested distributions (the “Reinvested Distributions”) for JFT Strategies Fund (the “Fund”) for the year ending December 31, 2022. Estimated reinvested distributions for the Fund were previously announced on December 5, 2022. Reinvested Distributions The Reinvested Distributions will be paid on or before January 13, 2023, to holders of record on December 30, 2022. The Reinvested Distributions will be paid by the issuance of securities of the Fund, and immediately thereafter, the issued and outstanding capital of the Fund will be consolidated such that the number of issued and outstanding securities of the Fund does not change. Name TSX Symbol Confirmed Reinvested Distribution (per unit) JFT Strategies Fund – Class A JFS.UN $2.0671 JFT Strategies Fund – Class F n/a $2.4325 The actual taxable amounts of all distributions for 2022, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS”) and will be posted on www.ci.com in early 2023. About CI Global Asset Management CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with approximately $384.9 billion in assets as of November 30, 2022. This communication is intended for informational purposes only. You will usually pay brokerage fees to your dealer if you purchase or sell securities of the investment fund on the TSX. If the securities are purchased or sold on the TSX, investors may pay more than the current net asset value when buying securities of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning securities of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. The CI investment fund is managed by CI Global Asset Management. CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2023. All rights reserved.

TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) announces the following reinvested distributions (the “Reinvested Distributions”) in respect of certain ETFs listed below. In all cases, these Reinvested Distributions will be reinvested on or about December 30, 2022 to unitholders of record on December 29, 2022. These Reinvested Distributions are in addition to the annual reinvested capital gains distributions announced earlier today. The Reinvested Distributions will not be paid in cash but will be reinvested and the resulting units immediately consolidated, so that the number of units held by each investor will not change. Fund Name Trading Symbol Reinvested Distribution Amount (to be reinvested and consolidated) CI Digital Security ETF CBUG $0.00219 CI Global Investment Grade ETF CGIN $0.01568 CGIN.U US$0.01158 CI Global Green Bond Fund (ETF Series) CGRB $0.00443 CGRB.U US$0.00446 CI Global Sustainable Infrastructure Fund (ETF Series) CGRN $0.05141 CGRN.U US$0.05155 CI Emerging Markets Alpha ETF CIEM $0.02176 CIEM.U US$0.01614 CI Alternative Investment Grade Credit Fund (ETF Series) CRED $0.01649 CI Morningstar Canada Momentum Index ETF WXM $0.00196 About CI Global Asset Management CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with approximately $384.9 billion in assets as of November 30, 2022. This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is 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 material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor. Commissions, management fees and expenses all may be associated with an investment in ETFs. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Important information about an exchange-traded fund (ETF) is contained in its prospectus. ETFs are not guaranteed; their values change frequently and past performance may not be repeated. “Morningstar® is a registered trademark of Morningstar, Inc. (“Morningstar”) Morningstar® Canada Momentum IndexTM (the “Index”) is a service mark of Morningstar and has been licensed for use for certain purposes by CI Global Asset Management (“CI GAM”). The securities of each CI Morningstar ETFs (the “ETFs”) are not in any way sponsored, endorsed, sold or promoted by Morningstar or any of its affiliates (collectively, ‘‘Morningstar’’), and Morningstar makes no representation or warranty, express or implied regarding the advisability of investing in securities generally or in the ETFs particularly or the ability of the Index to track general market performance”. CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2022. All rights reserved.

TORONTO & MIAMI--(BUSINESS WIRE)--CI Financial Corp. (TSX: CIX; NYSE: CIXX) (“CI”) announced today that it has submitted a formal notice to the New York Stock Exchange (“NYSE”) of its decision to voluntarily delist its common shares from NYSE. Following the proposed delisting, CI expects that it will suspend its reporting obligations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The common shares will continue to be listed and traded on the Toronto Stock Exchange under the symbol “CIX” and CI will remain a reporting issuer in Canada. The plan for the proposed U.S. delisting was initially outlined in CI’s Q3 2022 corporate earnings communications. As previously announced, CI intends to undertake an initial public offering of common stock of its U.S. business (the “IPO”). Following the IPO, each of CI’s Canadian and U.S. businesses will be listed in the respective home market where it operates. Given CI’s progress to date in respect of the IPO (including the confidential submission with the U.S. Securities and Exchange Commission (the “SEC”) earlier this month of a draft registration statement in respect of the IPO), the Board of Directors of CI has determined that the continued benefit from a dual listing of CI at this time is outweighed by the costs to CI of being listed on multiple exchanges and filing annual and periodic reports with the SEC. In order to implement the delisting, CI intends to file a Form 25 with the SEC on or about January 9, 2023. The last day of trading in CI’s common shares on NYSE will be on or about January 19, 2023, when the Form 25 takes effect. CI also intends to file a Form 15 with the SEC on or about January 19, 2023 (the anticipated effective date of the NYSE delisting) to immediately suspend its filing obligations under the Exchange Act, including CI’s requirements to file on a go-forward basis annual reports on Form 40-F and periodic reports on Form 6-K. CI has not arranged for a listing, registration or quotation of its common shares on another stock exchange or quotation service in the United States. CI reserves the right, for any reason, to delay its Form 25 and Form 15 filings to delist and deregister, respectively, to withdraw them prior to effectiveness, and to otherwise change its plans in respect of delisting and deregistration in any way. About CI Financial Corp. CI Financial Corp. is a diversified global asset and wealth management company with $384.9 billion in assets under management as at November 30, 2022. Founded in 1965, CI operates in three segments – Asset Management, Canadian Wealth Management, and U.S. Wealth Management. CI is headquartered in Toronto and is currently listed on the Toronto Stock Exchange (TSX: CIX) and the New York Stock Exchange (NYSE: CIXX). Forward-Looking Statements This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. All forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements and include words or phrases such as “believes,” “will,” “expects,” “anticipates,” “intends,” “estimates,” “plan,” “proposed,” “believe,” “would” and words and phrases of similar import. The forward-looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, and involve substantial risks and uncertainties. We can give no assurance that such expectations will prove to be correct. Actual results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the control of CI. Other than as required by law, CI undertakes no obligation to update or alter any forward-looking statement after the date on which it is made, whether to reflect new information, future events or otherwise.

TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) announces the confirmed annual reinvested capital gains distributions (the “Reinvested Distributions”) for the 2022 tax year for the CI ETFs listed below. Each of the CI ETFs is required to distribute net income and capital gains earned during the year. The Reinvested Distributions will generally consist of capital gains and/or any excess net income at year end. Other than in respect of CI High Interest Savings ETF, the Reinvested Distributions will not be paid in cash but will be reinvested and the resulting units immediately consolidated so that the number of units held by each investor will not change. Investors holding units outside registered plans will have taxable amounts to report and will have an increase in the adjusted cost base of their investment. In all cases, other than CI High Interest Savings ETF, these distributions will be reinvested on or about December 30, 2022 to unitholders of record on December 29, 2022. With respect to CI High Interest Savings ETF, the Reinvested Distribution will distribute interest accrued between December 23, 2022 and December 31, 2022 and will be paid in cash on or about January 6, 2023 to unitholders of record on December 30, 2022. These confirmed amounts are for the Reinvested Distributions only and replace the previous estimated announced on December 5, 2022. The actual taxable amounts of all distributions for 2022, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS”) and will be posted on www.ci.com in early 2023. Fund Name Trading Symbol Confirmed Capital Gain Distributions per Fund Unit CI Galaxy Bitcoin ETF BTCX.B $ 0.0000 BTCX.U US$ 0.0000 CI 1-5 Year Laddered Government Strip Bond Index ETF BXF $ 0.0065 CI Yield Enhanced Canada Aggregate Bond Index ETF CAGG $ 0.0000 CI Yield Enhanced Canada Short-Term Aggregate Bond Index ETF CAGS $ 0.0303 CI Galaxy Blockchain ETF CBCX $ 0.0055 CI Digital Security ETF CBUG $ 0.0000 CI Canadian Equity Index ETF CCDN $ 0.0000 CI Auspice Broad Commodity ETF CCOM $ 0.0144 CI DoubleLine Core Plus Fixed Income US$ Fund (ETF Series) CCOR $ 0.0297 CCOR.B $ 0.0295 CCOR.U US$ 0.0300 CI DoubleLine Total Return Bond US$ Fund (ETF Series) CDLB $ 0.0268 CDLB.B $ 0.0256 CDLB.U US$ 0.0269 CI Bio-Revolution ETF CDNA $ 0.3606 CI MSCI World ESG Impact ETF CESG $ 0.1209 CESG.B $ 0.0812 CI Floating Rate Income Fund (ETF Series) CFRT $ 0.0516 CI Global Asset Allocation Private Pool (ETF Series) CGAA $ 0.0140 CI Global Bond Currency Neutral Fund (ETF Series) CGBN $ 0.0778 CI Global High Yield Credit Private Pool (ETF Series) CGHY $ 0.0264 CGHY.U US$ 0.0264 CI Global Investment Grade ETF CGIN $ 0.0423 CGIN.U US$ 0.2672 CI Global Real Asset Private Pool (ETF Series) CGRA $ 0.0000 CI Global Green Bond Fund (ETF Series) CGRB $ 0.0189 CGRB.U US$ 0.3188 CI Global REIT Private Pool (ETF Series) CGRE $ 0.0000 CI Global Sustainable Infrastructure Fund (ETF Series) CGRN $ 0.0000 CGRN.U US$ 0.0000 CI Gold+ Giants Covered Call ETF CGXF $ 0.0000 CGXF.U US$ 0.0000 CI Global Healthcare Leaders Index ETF CHCL.B $ 0.0082 CI ICBCCS S&P China 500 Index ETF CHNA.B $ 0.0000 CI Emerging Markets Alpha ETF CIEM $ 0.0496 CIEM.U US$ 0.0273 CI DoubleLine Income US$ Fund (ETF Series) CINC $ 0.0542 CINC.B $ 0.0510 CINC.U US$ 0.0542 CI Global Infrastructure Private Pool (ETF Series) CINF $ 0.0000 CI Global Alpha Innovation ETF CINV $ 0.0000 CINV.U US$ 0.0000 CI Global Climate Leaders Fund (ETF Series) CLML $ 0.0000 CLML.U US$ 0.0000 CI Munro Alternative Global Growth Fund (ETF Series) CMAG $ 0.0000 CMAG.U US$ 0.0000 CI Marret Alternative Absolute Return Bond Fund (ETF Series) CMAR $ 0.0000 CMAR.U US$ 0.0000 CI Galaxy Multi-Crypto ETF CMCX.B $ 0.0063 CMCX.U US$ 0.0059 CI Alternative Diversified Opportunities Fund (ETF Series) CMDO $ 0.0000 CMDO.U US$ 0.0000 CI Marret Alternative Enhanced Yield Fund (ETF Series) CMEY $ 0.0000 CMEY.U US$ 0.0000 CI Munro Global Growth Equity Fund (ETF Series) CMGG $ 0.0000 CMGG.U US$ 0.0000 CI Galaxy Metaverse ETF CMVX $ 0.0045 CI Alternative North American Opportunities Fund (ETF Series) CNAO $ 0.0000 CNAO.U US$ 0.0000 CI Alternative Investment Grade Credit Fund (ETF Series) CRED $ 1.1379 CRED.U US$ 1.1435 CI High Interest Savings ETF CSAV $ 0.0023 CI U.S. Treasury Inflation-linked Bond Index ETF (CAD Hedged) CTIP $ 0.0259 CI U.S. 500 Index ETF CUSA.B $ 0.0257 CI U.S. 1000 Index ETF CUSM.B $ 0.0052 CI Canadian Convertible Bond ETF CXF $ 0.0000 CI WisdomTree U.S. Quality Dividend Growth Index ETF DGR $ 0.0000 DGR.B $ 0.0000 CI WisdomTree Canada Quality Dividend Growth Index ETF DGRC $ 0.0000 CI WisdomTree U.S. Quality Dividend Growth Variably Hedged Index ETF DQD $ 2.5677 CI WisdomTree International Quality Dividend Growth Variably Hedged Index ETF DQI $ 0.0000 CI WisdomTree Europe Hedged Equity Index ETF EHE $ 0.0000 EHE.B $ 0.0000 CI WisdomTree Emerging Markets Dividend Index ETF EMV.B $ 0.0000 CI Galaxy Ethereum ETF ETHX.B $ 0.0000 ETHX.U US$ 0.0000 CI Enhanced Government Bond ETF FGO $ 0.0047 FGO.U US$ 0.0049 CI Health Care Giants Covered Call ETF FHI $ 0.0000 FHI.B $ 0.0000 FHI.U US$ 0.0000 CI Investment Grade Bond ETF FIG $ 0.0000 FIG.U US$ 0.0000 CI U.S. & Canada Lifeco Covered Call ETF FLI $ 0.0000 CI Preferred Share ETF FPR $ 0.1698 CI Enhanced Short Duration Bond Fund (ETF Series) FSB $ 0.0307 FSB.U US$ 0.0311 CI Global Financial Sector ETF FSF $ 0.0000 CI Morningstar Canada Value Index ETF FXM $ 0.3483 CI WisdomTree International Quality Dividend Growth Index ETF IQD $ 0.0000 IQD.B $ 0.0000 CI WisdomTree Japan Equity Index ETF JAPN $ 0.0000 JAPN.B $ 0.0000 CI Global Longevity Economy Fund (ETF Series) LONG $ 0.0000 CI Energy Giants Covered Call ETF NXF $ 0.1279 NXF.B $ 0.5243 NXF.U US$ 0.7770 CI ONE North American Core Plus Bond ETF ONEB $ 0.0000 CI ONE Global Equity ETF ONEQ $ 0.1845 CI Morningstar National Bank Québec Index ETF QXM $ 1.5505 CI Canadian REIT ETF RIT $ 0.0000 CI MSCI Europe Low Risk Weighted ETF RWE $ 0.0000 RWE.B $ 0.0000 CI MSCI World Low Risk Weighted ETF RWW $ 1.0283 RWW.B $ 0.3691 CI MSCI International Low Risk Weighted ETF RWX $ 0.0000 RWX.B $ 0.0000 CI U.S. TrendLeaders Index ETF SID $ 0.0817 CI Tech Giants Covered Call ETF TXF $ 0.0000 TXF.B $ 0.0000 TXF.U US$ 0.0000 CI WisdomTree U.S. MidCap Dividend Index ETF UMI $ 0.6921 UMI.B $ 1.2665 CI Gold Bullion Fund VALT $ 0.0000 VALT.B $ 0.0000 VALT.U US$ 0.0000 CI Morningstar International Value Index ETF VXM $ 0.0349 VXM.B $ 0.0339 CI Morningstar Canada Momentum Index ETF WXM $ 1.0568 CI Morningstar US Value Index ETF XXM $ 0.0000 XXM.B $ 0.0000 CI Morningstar US Momentum Index ETF YXM $ 0.0000 YXM.B $ 0.0000 CI Morningstar International Momentum Index ETF ZXM $ 0.1093 ZXM.B $ 0.1064 CORPORATE CLASS ETFs Note 1 CI Canadian Banks Covered Call Income Class ETF CIC $ 0.0000 CI Short Term Government Bond Index Class ETF FGB $ 0.0000 CI MSCI Canada Quality Index Class ETF FQC $ 0.0000 About CI Global Asset Management CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with approximately $384.9 billion in assets as of November 30, 2022. This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is 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 material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor. Commissions, management fees and expenses all may be associated with an investment in ETFs. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Important information about an exchange-traded fund (ETF) is contained in its prospectus. ETFs are not guaranteed; their values change frequently and past performance may not be repeated. CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2022. All rights reserved.

TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) today announced a risk rating change for CI MSCI International Low Risk Weighted ETF, as follows: ETF Ticker New Risk Rating Previous Risk Rating CI MSCI International Low Risk Weighted ETF (Hedged Common Units) RWX Low-to-Medium Medium The risk rating change is effective immediately and is based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds, including ETFs. CI GAM reviews the risk rating for each of the funds it manages at least on an annual basis, as well as when a fund undergoes a material change. This change is not the result of any changes to the investment objectives, strategies or management of the ETF. About CI Global Asset Management CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with approximately $384.9 billion in assets as of November 30, 2022. Commissions, management fees and expenses all may be associated with an investment in exchange-traded funds (ETFs). You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Important information about an exchange-traded fund is contained in its prospectus. ETFs are not guaranteed; their values change frequently, and past performance may not be repeated. The CI Exchange-Traded Funds (ETFs) are managed by CI Global Asset Management, a wholly-owned subsidiary of CI Financial Corp. (TSX: CIX; NYSE: CIXX). CI Global Asset Management is a registered business name of CI Investments Inc. MSCI is a trademark of MSCI Inc. The MSCI indexes have been licensed for use for certain purposes by CI Global Asset Management (“CI GAM”) in connection with the CI ETFs (the “ETFs”). The ETF and the securities referred to herein are not sponsored, endorsed or promoted by MSCI Inc. or any of its affiliates (collectively, “MSCI”) and MSCI bears no liability with respect to any such fund or securities or any index on which such fund or securities are based. The ETF’s prospectus contains a more detailed description of the limited relationship MSCI has with CI GAM and any related funds. This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is 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 material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor. ©CI Investments Inc. 2022. All rights reserved.

CIXX, CPYYY and AIR made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 23, 2022.

TORONTO & MIAMI--(BUSINESS WIRE)--CI Financial Corp. (TSX: CIX; NYSE: CIXX) (“CI”), the parent of CI US Holdings Inc. (“CI US”), confirms that CI US has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”), relating to a proposed initial public offering of common stock of CI US. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions. The company is making the announcement at this time to be responsive to numerous requests for an update on the status of the submission, the content of which remains confidential. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended ("Securities Act"). This announcement is being issued in accordance with Rule 135 under the Securities Act. Forward-Looking Statements This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties, including statements relating to the intention to conduct an IPO of CI U.S. Holdings Inc.’s common stock following SEC review. All forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements and include words or phrases such as "believes," "will," "expects," "anticipates," "intends," "estimates," "plan," "believe," "would" and words and phrases of similar import. The forward looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, and involve substantial risks and uncertainties. We can give no assurance that such expectations will prove to be correct. Actual results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the control of CI. Factors that could cause actual results to differ materially from expectations include, among other things, general economic and market conditions (including in U.S. equity markets), interest and foreign exchange rates, changes in government regulations or in tax laws, industry competition, technological developments and other factors described or discussed in CI’s disclosure materials filed with applicable securities regulatory authorities from time to time. The foregoing list is not exhaustive and the reader is cautioned to consider these and other factors carefully and not to place undue reliance on forward-looking statements. Except as required by law, CI undertakes no obligation to update or alter any forward-looking statement after the date on which it is made, whether to reflect new information, future events or otherwise.

TORONTO--(BUSINESS WIRE)--CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary total assets of $384.9 billion as at November 30, 2022, an all-time month-end high for the company. The total consisted of asset management assets of $121.7 billion, Canadian wealth management assets of $79.9 billion, and U.S. wealth management assets of $183.3 billion. On November 10, 2022, CI completed the acquisition of Kore Private Wealth, LLC, a New York City-based registered investment advisor that focuses on meeting the unique and complex needs of ultra-high-net-worth individuals and families through comprehensive, interdisciplinary wealth management services. The firm now operates under the name CI Kore Private Wealth. CI FINANCIAL CORP. November 30, 2022 PRELIMINARY MONTH-END ASSETS (C$ Billions) ENDING ASSETS November 2022 October 2022 % Change November 2021 % Change Asset management (1) $121.7 $116.4 4.6% $141.8 -14.2% Canada wealth management $79.9 $76.2 4.9% $78.6 1.7% U.S. wealth management (2) $183.3 $171.9 6.6% $110.1 66.5% TOTAL ASSETS $384.9 $364.4 5.6% $330.5 16.5% ASSET MANAGEMENT – AVERAGE AUM November 2022 October 2022 September 2022 Fiscal 2021 % Change Monthly average $118.3 $114.8 - - 3.0% Quarter-to-date average $116.6 - $119.1 - -2.1% Year-to-date average $125.5 - - $137.9 -9.0% About CI Financial CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. Founded in 1965, CI has developed world-class portfolio management talent, extensive capabilities in all aspects of wealth planning, and a comprehensive product suite. CI operates in three segments: Asset Management, which includes the operations of CI Global Asset Management and Australia-based GSFM Pty Ltd. Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth (Canada), Northwood Family Office, CI Direct Investing and CI Investment Services. U.S. Wealth Management, which includes CI Private Wealth US, a national network of best-in-class wealth management teams. CI is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: CIX) and the New York Stock Exchange (NYSE: CIXX). To learn more, visit CI’s website or LinkedIn page. CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of CI Financial Corp.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

TEX, JBL and CIXX made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 21, 2022.