News Press Releases

CI Global Asset Management Announces Estimated Annual Reinvested Distributions for JFT Strategies Fund

T.CIX, T.JFS.UN | November 27, 2023

Not for Dissemination to U.S. Newswire Services or for Dissemination in the United States of America

CI Global Asset Management (“CI GAM”) announces the estimated reinvested distributions (the “Estimated Reinvested Distributions”) for JFT Strategies Fund (the “Fund”), a closed-end fund, for the year ending December 31, 2023.

Please note that these are estimated amounts only as of October 31, 2023 and include certain forward-looking information which may cause the Estimated Reinvested Distributions to change before the Fund’s tax year-end on December 31, 2023. The final distribution amounts will be confirmed and announced shortly after the year-end and prior to payment once the Fund’s year-end tax position is finalized.

Estimated Reinvested Distributions

The Estimated Reinvested Distributions will be paid on or before January 15, 2024, to holders of record on December 29, 2023. The Estimated Reinvested Distributions will be paid by the issuance of securities of the Fund, and immediately thereafter, the issued and outstanding capital of the Fund will be consolidated such that the number of issued and outstanding securities of the Fund does not change.

Name

TSX Symbol

Estimated Reinvested

Distribution (per unit)

Distribution

%

JFT Strategies Fund – Class A

JFS.UN

$2.297488

9.44%

JFT Strategies Fund – Class F

n/a

$2.561016

9.80%

The actual taxable amounts of all distributions for 2023, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS”) and will be posted on www.ci.com in early 2024.

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 and is on the web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX), an integrated global asset and wealth management company with $421.0 billion in total assets as of September 30, 2023.

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.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

This press release contains forward-looking statements with respect to the Estimated Reinvested Distributions for the Fund. By their nature, these forward-looking statements involve certain risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual Reinvested Distributions to differ from the Estimated Reinvested Distributions between now and the Fund’s tax year-end include, without limitation: the actual amounts of distributions received by the Fund; the actual amount of capital gains generated from sales of securities; and subscription and redemption activity in the Fund.

CI Global Asset Management is a registered business name of CI Investments Inc.