TORONTO, March 14, 2017 /CNW/ - CI Investments Inc. ("CI")
has filed amended and restated prospectuses to provide
eligible investors with the benefit of automatically applied fee
discounts through its new CI Preferred Pricing™ and CI
Private Wealth™ programs, which are set for launch in May 2017, pending regulatory receipt of the
disclosure documents.
"We want to ensure that clients automatically receive preferred
pricing upon reaching certain thresholds," said Roy Ratnavel, Senior Vice-President of CI. "It's
a simple concept – the more assets that clients invest with CI, the
larger the price discount that is applied."
The price discounts will apply to investment management and
administration fees on CI's core mutual fund offerings in Class A
(initial sales charge), Class F and a newly created Class P. Also,
for Evolution Private Managed Accounts, price discounts will apply
to investment management and administration fees for the United
Funds' Class E (initial sales charge) and a newly created Class F.
Existing Class F in the United Funds will be renamed Class OF.
Price discounts for most funds start at the $150,000 per account level, and increase as
client asset levels rise. Also, extended family groups with
aggregate asset levels of $250,000 or
more can be linked for pricing purposes, generating additional
discounts.
CI Private Wealth, which is designed for affluent and high net
worth investors, offers enhanced options, including individual or
consolidated client reporting and annual online tax reporting.
CI Preferred Pricing and CI Private Wealth provide clients with
full access to CI's comprehensive selection of investment mandates
and managed solutions, including CI Corporate Class and T-Class
options.
CI also announced today that Class E, EF and O units and shares
of CI Funds will be closed to new investors in early fall 2017.
About CI Investments – Canada's Investment Company
CI
Investments is one of Canada's
largest investment management companies. It offers a wide range of
investment products and services, 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
$159.5 billion in assets as of
February 28, 2017.
Commissions, trailing commissions, management fees and
expenses all may be associated with mutual fund investments. Please
read the prospectus before investing. Mutual funds are not
guaranteed, their values change frequently and past performance may
not be repeated. Mutual fund securities are not covered by the
Canada Deposit Insurance Corporation or by any other government
deposit insurer. ®CI Investments, the CI Investments
design and Evolution are registered trademarks of CI Investments
Inc. ™CI Preferred Pricing and CI Private Wealth are trademarks of
CI Investments Inc.
SOURCE CI Financial Corp.