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Press release from CNW Group

CI Investments announces appointment of Cambridge Global Asset Management and other changes to two dividend mandates

Wednesday, November 27, 2013

CI Investments announces appointment of Cambridge Global Asset Management and other changes to two dividend mandates

16:01 EST Wednesday, November 27, 2013

TSX Symbol: CIX

TORONTO, Nov. 27, 2013 /CNW/ - CI Investments Inc. (''CI'') today announced several enhancements to CI Canadian Dividend Growth Fund and CI U.S. Dividend Growth Fund, including the appointment of Cambridge Global Asset Management as portfolio advisor, the introduction of monthly distributions, and name changes for the funds.

The award-winning Cambridge team manages over $8 billion in assets, has offices in Boston and Toronto, and is led by Chief Investment Officer Alan Radlo and Portfolio Managers Brandon Snow and Robert Swanson. The group has achieved strong results in managing its funds, which include equity, income and dividend funds.

"Investors in these funds will benefit from Cambridge's proven expertise across a broad range of equity and income mandates," said Derek J. Green, CI President. "The dividend strategies fit well with Cambridge's focus on risk-adjusted returns and downside protection."

CI Canadian Dividend Growth Fund will be renamed Cambridge Canadian Dividend Fund and CI U.S. Dividend Growth Fund will be renamed Cambridge U.S. Dividend Fund. Both funds will begin paying a regular monthly distribution to their investors starting in January 2014. The U.S. dollar version of Cambridge U.S. Dividend Fund will pay its monthly distribution in U.S. dollars. In addition, the requirement to invest in concentrated portfolios has been lifted for both funds, giving the portfolio managers the option of increasing the number of holdings and allowing for increased diversification.

Furthermore, the two funds will be made available in CI Private Investment Management, CI's program for higher net worth investors. The various changes to the funds are expected to be effective from December 16 to December 31, 2013.

"Investors are increasingly responding to low interest rates by relying on equity investments to provide income," said Mr. Green. "These funds, with the experience of the Cambridge team, a focus on stable dividend-paying firms and the new monthly distribution payouts, will be a solid option for these investors."

Mr. Radlo and Mr. Swanson will be named Portfolio Managers of Cambridge U.S. Dividend Fund and Mr. Snow and Mr. Swanson will be named Portfolio Managers of Cambridge Canadian Dividend Fund. Mr. Radlo has over 30 years of investment experience and joined CI in 2008 to found the Cambridge team. Prior to that, he was a portfolio manager at Fidelity Investments, where he was responsible for approximately $10 billion in assets. Mr. Radlo focuses on Cambridge's U.S. and global equity funds.

Mr. Swanson's investment career spans three decades. Prior to joining Cambridge in 2011, he worked at Fidelity Investments, where he was lead portfolio manager of several mutual funds with combined assets under management exceeding $20 billion. At CI, Mr. Swanson oversees Cambridge's diversified income, dividend and balanced mandates.

Mr. Snow has 10 years of investment management experience. Prior to joining CI in 2011, he was an analyst and portfolio manager of two Canadian-focused equity mandates at Fidelity Investments with a total of $1.7 billion in assets. He specializes in North American equities and is lead manager of Cambridge's Canadian equity mandates.

Cambridge Global Asset Management is a business name of CI, used in connection with its subsidiary, CI Global Investments Inc. Certain portfolio managers of Cambridge Global Asset Management are registered with CI Investments Inc.

About CI Investments - Canada's Investment Company

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 www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with approximately $115 billion in assets as October 31, 2013.

SOURCE CI Investments Inc.

For further information:

Derek J. Green
President
CI Investments
(416) 364-1145

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