Mr. Murray Oxby reports

CI GLOBAL ASSET MANAGEMENT ANNOUNCES ESTIMATED ANNUAL REINVESTED CAPITAL GAINS DISTRIBUTIONS FOR CI ETFS

CI Global Asset Management has estimated annual reinvested capital gains distributions for the 2023 tax year for the CI exchange-traded funds listed in an attached table.

Please note that these are estimated amounts as of Oct. 31, 2023, and include certain forward-looking information which may cause the reinvested distributions to change before the CI ETFs' tax year-end on Dec. 15, 2023, or Dec. 31, 2023.

These estimated amounts are for the reinvested distributions only and do not include the continuing, regular monthly or quarterly cash distribution amounts, which are expected to be declared in a separate press release in December, 2023.

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. 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, these distributions will be reinvested on or about Dec. 29, 2023, to unitholders of record on Dec. 28, 2023.

CI GAM expects to declare the final, confirmed reinvested distribution amounts (subject to any further revisions to per-unit amounts resulting from subscription and redemption activity prior to the record date) on or about Dec. 28, 2023. The actual taxable amounts of all distributions for 2023, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc.) and will be posted on the CI website in early 2024.

CI GAM provides estimated distributions for information purposes only. These estimates are not intended to be, nor should they construed to be, legal or tax advice to any particular person.

We seek Safe Harbor.