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The Notes, issued by Société Générale (Canada), offer a return, if any, linked to the performance of units of Series A of Signature Income & Growth Fund, a top income balanced fund from CI that uses active asset allocation to capitalize on changing market conditions. The Notes' unique Protected Leverage(TM) structure ensures that it has continuous 200% exposure to the fund throughout its five-year life. The fund's distributions are automatically reinvested into the Note structure to maximize tax-deferred growth, while the principal amount is 100% guaranteed at maturity by Société Générale.
"The Notes are designed for investors who want growth but are concerned about market volatility," said David R. McBain, CI Senior Vice-President. "The Notes' structure maximizes performance potential through leverage while controlling risk through principal protection and the fund's broad diversification and active asset allocation."
Signature Income & Growth Fund has a strong track record, placing in the first quartile of its category. As of October 31, 2007, the fund had a return of 6.4% over one year and average annual returns of 12.2% over three years, 12.4% over five years and 9.4% since inception in November 2000.
The fund's portfolio is managed by CI's Signature Advisors and invests in a broad range of asset classes, including government and corporate bonds, high-quality income trusts, preferred shares and dividend-paying common stocks. This diversification reduces risk and gives the managers more flexibility to respond to changing market conditions, so that they can take advantage of new opportunities as well as preserve capital. Lead portfolio managers are Eric Bushell, Signature's Chief Investment Officer, and James Dutkiewicz.
CI Protected Leverage Deposit Notes, Series 1, are available for sale until December 7, 2007, through registered dealer representatives, and are eligible for registered plans. The minimum purchase is $5,000. A complete description of the Notes can be found in the Information Statement.
Société Générale is one of the largest financial services groups in the euro zone, and has a presence in 77 countries worldwide. Founded in 1864, the France-based institution serves 28 million retail banking customers, manages 450 billion euros of investment assets and has assets under custody of 2.6 trillion euros as of September 30, 2007.
CI Investments Inc. is a corporation controlled by CI Financial Income Fund (TSX: CIX.UN), an independent, Canadian-owned wealth management firm with approximately $97 billion in fee-earning assets as of October 31, 2007. CI 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.
This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the Notes referred to herein. While a Holder is entitled to the payment at maturity, which cannot be less then the principal amount of the Note, the Notes do not bear interest and there can be no assurance that the notes will show any return. It is thus possible that no return will be paid. Any sale in the secondary market may be made at a price which is less than the principal amount and may be subject to an applicable early trading charge. Ongoing Fees are associated with an investment in the Notes. Potential investors should consult the Information Statement before investing.
"Protected Leverage" is a trademark of Société Générale (Canada).
SOURCE: CI Investments Inc.
SOURCE: CI Financial Income Fund
David R. McBain, Senior Vice-President, CI Investments Inc., (416) 364-1145
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