Ms. Jennifer Sinopoli reports

CI GLOBAL ASSET MANAGEMENT EXPANDS FIXED-INCOME LINEUP WITH TARGET MATURITY BOND FUNDS

CI Global Asset Management has launched the CI Target Maturity Investment Grade Bond Funds, a family of fixed-income solutions that allow investors to save with predictability and precision.

The funds -- which are now available in mutual fund Series A, F, I and P units and ETF (exchange-traded fund) Canadian-dollar series units -- have closed their initial offering of ETF Canadian-dollar series units and begin trading today on the Toronto Stock Exchange under the tickers noted below. The funds are:

• CI Target 2028 Investment Grade Bond Fund (CTMA);
• CI Target 2029 Investment Grade Bond Fund (CTMB);
• CI Target 2030 Investment Grade Bond Fund (CTMC).

The funds invest primarily in Canadian-dollar-denominated, investment-grade corporate bonds that mature in a fund's target year. They provide regular income through monthly distributions and are then terminated on their target date, returning the proceeds to unitholders. By providing a predictable cash flow over a fixed investment timeline, the funds allow investors to align their investment with specific savings goals.

"These funds are an advantageous, low-cost option for clients seeking consistent income, capital preservation and to match their investments with their savings timeline," said Jennifer Sinopoli, executive vice-president and head of distribution for CI GAM. "Investors also benefit from the capabilities and experience of the CI GAM fixed-income investment team, with its deep expertise across corporate and government bond markets.

"With the launch of CI GAM's first-ever target maturity bond funds, we continue to enhance and expand our roster of fixed-income mutual funds and ETFs, reflecting our commitment to providing Canadians with a comprehensive suite of investment solutions," Ms. Sinopoli said.

The funds are offered with a very competitive management fee for the target maturity bond category. The management fee is 0.15 per cent for Series F and ETF Canadian-dollar series units and 0.65 per cent for Series A units.

The benefits of the funds include:

• A defined maturity date: Investors can choose the fund that aligns with their financial goals, such as a home down payment, tuition payments or retirement cash flow. This feature also allows investors to adopt a bond-laddering strategy using multiple target maturity bond funds.
• Predictable cash flow: The funds pay a monthly distribution.
• Professional investment management: The CI GAM investment team actively manages the funds' portfolios, leveraging their expertise in monitoring economic and market conditions, research, security analysis and selection, and risk management.
• Diversification: Each fund invests primarily in a variety of Canadian dollar-denominated, investment-grade corporate bonds with maturities matched to the target year. The portfolio managers can additionally diversify the portfolio by investing in high-yield corporate bonds and foreign-issued bonds.
• Liquidity: The funds can be redeemed daily (mutual funds series) or sold at any time on the TSX (ETF Canadian-dollar series).
• Potential tax efficiency for non-registered accounts: The portfolio managers seek to purchase discount bond issues (bonds that trade at a discount to their maturity value), resulting in capital gains income, which is taxed at a lower rate than interest income.

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. CI GAM is a subsidiary of CI Financial Corp., an integrated global asset and wealth management company with approximately $550.9-billion in assets as at June 30, 2025.

The funds are managed by CI Global Asset Management, a wholly owned subsidiary of CI Financial.