Mr. Murray Oxby of CI Global Asset Management reports

CI GLOBAL ASSET MANAGEMENT ANNOUNCES DISTRIBUTION CHANGE FOR SIX COVERED CALL ETFS AND MUTUAL FUNDS

CI Global Asset Management (CI GAM) has changed the distribution frequency of six covered call ETFs (exchange-traded funds) and mutual funds to monthly from quarterly.

The affected funds are:

• CI Energy Giants Covered Call ETF;
• CI Energy Giants Covered Call Fund;
• CI Gold+ Giants Covered Call ETF;
• CI Gold+ Giants Covered Call Fund;
• CI Tech Giants Covered Call ETF;
• CI Tech Giants Covered Call Fund.

Effective this month, the funds will pay variable distributions of net income, dividends and capital gains, if any, on a monthly basis. The change aligns the funds with CI GAM's other covered call ETFs and mutual funds, which already pay distributions monthly. CI GAM believes that monthly distributions benefit investors who invest in covered call funds as a source of regular income.

CI GAM's covered call ETFs generate additional yield through a call option writing strategy. Each month, covered calls are written on approximately 25 per cent of the portfolio, an approach that produces additional monthly income while maintaining exposure to a majority of the capital gains potential of the underlying securities. This strategy is suitable for investors seeking tax-efficient income and capital appreciation potential with lower volatility.

CI GAM's covered call suite consists of eight ETFs and six mutual funds. The ETFs include one fixed-income mandate and seven equity mandates that focus on specific industry sectors. Five mutual funds invest in units of their respective sector ETFs, while CI Multi-Sector Covered Call Fund invests in units of the seven equity-covered call ETFs to create a well-diversified covered call portfolio.

Distribution information for each CI GAM fund is posted on the CI website while the distributions for the CI ETFs are also announced by press release each month.