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CI Global Asset Management Announces Termination of CI Galaxy Metaverse Index ETF

1. CI GAM will terminate the CI Galaxy Metaverse Index ETF by April 2025. 2. The ETF will be delisted from the TSX before the termination date. 3. Investors will receive net proceeds post-liquidation, subject to liabilities. 4. CI Financial Corp. has $532.7 billion in total assets as of November 2024.

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FAQ

Why Neutral?

The ETF termination will likely not significantly impact CIX stock as it is an operational decision.

How important is it?

The termination of an ETF can affect overall investor sentiment towards CI Financial Corp.

Why Short Term?

Investor sentiment may be temporarily affected but will stabilize as details emerge.

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CIXCMVX
TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) announced today that it will terminate CI Galaxy Metaverse Index ETF (TSX: CMVX) on or about April 7, 2025 (the “Termination Date”). CI GAM will request the Toronto Stock Exchange (“TSX”) to delist CMVX from the TSX on or about April 4, 2025 (the “Delisting Date”), with all units of CMVX still held by investors being subject to a mandatory redemption as of the Termination Date. Until such date, units of CMVX will continue to be listed on the TSX and unitholders of such units will be able to sell their units through the facilities of the TSX until the Delisting Date. As soon as practicable following the Termination Date, any remaining unitholders of CMVX as of the Termination Date will receive the net proceeds from the liquidation of CMVX’s assets, less all liabilities and obligations attributable to such units, on a pro-rata basis. CI GAM will issue an additional press release on or about the Termination Date confirming final details of the termination. 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 $532.7 billion in total assets as of November 30, 2024. Commissions, management fees and expenses all may be associated with an investment in exchange-traded funds (ETFs). You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Important information about an exchange-traded fund is contained in its prospectus. ETFs are not guaranteed; their values change frequently, and past performance may not be repeated. Returns of the Index do not represent the ETF’s returns. An investor cannot invest directly in the Index. Performance of the ETF is expected to be lower than the performance of the Index. 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. Certain statements in this document are forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained herein are based upon what CI Global Asset Management believe to be reasonable assumptions, CI Global Asset Management cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise. The CI Exchange-Traded Funds (ETFs) are managed by CI Global Asset Management, a wholly owned subsidiary of CI Financial Corp. (TSX: CIX). CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2025. All rights reserved.

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