CI Investments announces fund mergers and other changes

TSX Symbol: CIX 
TORONTO, May 27, 2013 /CNW/ - CI Investments Inc. ("CI") today announced a 
proposal to merge three funds and change the mandates of three others. 
CI is proposing the following mergers: 
|Terminating fund           |Continuing fund                          |
|Cambridge Canadian Stock   |Cambridge Canadian Equity Corporate Class|
|Fund                       |                                         |
|CI Japanese Corporate Class|CI Pacific Corporate Class               |
|CI U.S. Equity Plus Fund   |Cambridge American Equity Corporate Class|
In addition, CI is proposing to change the investment objectives of three 
funds from a Canadian-focused mandate to a global mandate: Cambridge High 
Income Fund, Signature Canadian Resource Fund and Signature Canadian Resource 
Corporate Class. At the same time, the resource funds will be renamed 
Signature Global Resource Fund and Signature Global Resource Corporate Class, 
"The mandate change will benefit the funds by providing the portfolio managers 
with a much wider range of investment choices and the potential for increased 
diversification," said Derek J. Green, President of CI Investments. 
"Meanwhile, with the mergers, investors will benefit from being part of larger 
funds with greater access to investment opportunities, while allowing CI to 
streamline its lineup and reduce the duplication of funds." 
The changes to the investment objectives are as follows: 
|Current investment objective      |New investment objective          |
|Cambridge High Income Fund                                           |
|To achieve a high level of income |To achieve a high level of income |
|by investing primarily in Canadian|by investing primarily in         |
|income trusts, Canadian           |fixed-income and high-yielding    |
|fixed-income securities and other |equity securities and other       |
|Canadian income-producing         |income-producing securities       |
|securities.                       |throughout the world.             |
|Signature Canadian Resource Fund / Corporate Class                   |
|To obtain maximum long-term       |To obtain maximum long-term       |
|capital growth. It invests        |capital growth. It invests        |
|primarily in equity and           |primarily in equity and           |
|equity-related securities of      |equity-related securities of      |
|Canadian companies engaged in or  |companies engaged in or related to|
|related to the energy, commodity  |the energy, commodity and natural |
|and natural resource industries.  |resource industries throughout the|
|                                  |world.                            |
The changes require the approval of investors in the terminating funds, CI 
Pacific Corporate Class, and the funds subject to a change in investment 
objectives. Information circulars and proxy forms will be mailed to 
securityholders in June and securityholder meetings have been scheduled for 
July 22, 2013. Pending approval, the mergers and mandate changes will take 
place on or about July 26, 2013. 
The CI Investments Board of Governors, acting in its capacity as the 
independent review committee for the funds, has reviewed all of the proposed 
mergers and mandate changes with respect to conflict of interest issues and 
has determined that they achieve a fair and reasonable result for the funds. 
The change of investment objective for Signature Canadian Resource Fund 
indirectly affects one segregated fund, Clarica SF CI Signature Canadian 
Resource Fund, which invests in units of the mutual fund. The change does not 
require the approval of investors in the segregated fund. In addition, the 
name of the segregated fund will be changed to Clarica SF CI Signature Global 
Resource Fund. 
In other developments, CI is changing the name of two funds to better reflect 
their mandates, effective July 26, 2013. Harbour Foreign Equity Corporate 
Class is being renamed Harbour Global Equity Corporate Class, and Harbour 
Foreign Growth & Income Corporate Class will become Harbour Global Growth & 
Income Corporate Class. 
CI is one of Canada's largest investment management companies. It offers a 
broad range of investment products and services, including an industry-leading 
selection of investment funds, and is on the Web at CI is a 
subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned 
wealth management firm with approximately $105.8 billion in assets as of April 
30, 2013. 
Murray Oxby Director, Communications CI Investments (416) 681-3254 
SOURCE: CI Investments Inc. 
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CO: CI Financial Corp.
ST: Ontario
-0- May/27/2013 19:23 GMT
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