Mr. Murray Oxby reports

CI GLOBAL ASSET MANAGEMENT LAUNCHES GOLD BULLION MUTUAL FUND, ANNOUNCES CHANGES TO SEVERAL ETFS

CI Global Asset Management (CI GAM) today launched CI Gold Bullion Fund, providing expanded access to an award-winning mandate that invests in physical gold. CI GAM also announced a name change and risk rating changes within its ETF (exchange-traded fund) lineup.

CI Gold Bullion Fund

CI Gold Bullion Fund is designed to provide investors with a cost-effective and convenient way to invest in gold and seeks to achieve this by investing all or substantially all of its assets in the ETF U.S. series of CI Gold Bullion ETF (Toronto Stock Exchange: VALT.U).

The underlying ETF holds substantially all of its assets in investment-grade gold bullion, which is securely stored in its custodian's treasury vaults in London, England.

"CI Gold Bullion Fund allows investors to gain exposure to physical gold with the simplicity and liquidity of a mutual fund structure, and to easily incorporate this commodity exposure into their investment portfolio," said Jennifer Sinopoli, executive vice-president and head of distribution for CI GAM. "The new fund also reflects CI GAM's commitment to providing investors with expanded choice and flexibility by offering key mandates in both mutual fund and ETF structures."

An investment in gold bullion can provide diversification benefits as well as the potential for growth and inflation protection.

The fund is being offered in mutual fund Series A, AH, F, FH, I, IH, P and PH units, and has a risk rating of medium. The fund's management fee is 1.105 per cent for Series A and AH, and 0.105 per cent for Series F, FH, P and PH. Series A, AH, F, FH, P and PH also charge an administration fee of 0.05 per cent.

The underlying ETF's management fee of 0.155 per cent is the lowest of any gold bullion fund in Canada. It has also been recognized for its outstanding performance, being named a 2025 LSEG Lipper Fund Award winner as the best ETF in the commodity category over three years.

Name change

CI Global Alpha Innovation ETF will be renamed CI Global Alpha Innovators ETF, effective on or about April 30, 2026. The ETF is offered as ETF C$ Series Units (TSX: CINV) and ETF US$ Hedged Series Units (CINV.U). The change aligns it with CI Global Alpha Innovators Corporate Class.

Risk rating changes

The risk rating changes as shown in the attached table are effective immediately.

The changes are 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.

The changes to CI Digital Security Index ETF and CI U.S. Enhanced Momentum Index ETF are the result of CI GAM's continuing internal reviews and are not the result of any changes to the investment objectives, strategies or management of the applicable CI ETFs. The change to CI Global Alpha Innovation ETF is the result of a determination that its reference index/fund should be changed to CI Global Alpha Innovators Corporate Class, which is a better fit for the ETF's standard deviation and overall risk profile.

The risk rating for CI U.S. Enhanced Momentum Index ETF (unhedged common units) (TSX: CMOM.B) has not changed and remains at medium.

About CI Global Asset Management

CI Global Asset Management (CI GAM) is one of Canada's leading investment management firms, providing a comprehensive suite of solutions -- including mutual funds, exchange-traded funds and alternative investments -- to help Canadians achieve their financial goals. Founded in 1965, CI GAM has built an enduring legacy of innovation, disciplined portfolio management and commitment to investor success. CI's investment team brings deep expertise in fundamental research, portfolio construction and risk management to deliver results across a broad range of asset classes. CI partners with financial advisers, wealth management firms and institutions to serve more than 1.3 million investors. CI GAM is a subsidiary of Toronto-based CI Financial Corp., a diversified global asset and wealth management company.