CI First Asset Can-Materials Covered Call ETF Announces Results of Unitholder Special Meeting

/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES OF AMERICA./

TORONTO, July 24, 2019 /CNW/ - CI First Asset Can-Materials Covered Call ETF (the "Fund") (TSX:MXF) announces that at a special meeting of the unitholders of the Fund held today, unitholders approved an amendment to the fundamental investment objective of the Fund to one which is more focused on gold and precious metals, and which provides access to issuers listed in both Canada and the United States. 

In connection with the foregoing:

• The Fund's fundamental investment objectives, strategies and restrictions will be amended in the manner described in the management information circular dated June 14, 2019.
  
  
• The Fund's name will change to "CI First Asset Gold⁺ Covered Call ETF".
  
  
• The Fund's ticker symbol will change to CGXF.
  
  
• The Fund's CUSIP number will change to 12558N100.

CI Investments Inc., the Fund's manager, expects the above changes to take effect on or about August 19, 2019.

CI First Asset ETFs

CI First Asset ETFs, a division of CI Investments Inc., a leading provider of ETFs in Canada, offers a comprehensive suite of ETF solutions. Rooted in strong fundamentals, the diverse and specialized lineup of CI First Asset ETFs strive to deliver better risk-adjusted returns than the broad market while helping investors achieve their personal financial goals.

This communication is intended for informational purposes only. Please read the prospectus of a CI First Asset ETF before investing. Copies of the prospectus may be obtained from your investment advisor, CI First Asset ETFs or at www.sedar.com. Commissions, management fees and expenses all may be associated with investments in exchange traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on the TSX. If the units are purchased or sold on the TSX, 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. The CI First Asset ETFs are managed by CI Investments Inc., a subsidiary of CI Financial Corp., which is listed on the Toronto Stock Exchange under the symbol "CIX". ^TM First Asset and its logo are trademarks of a subsidiary of CI Financial Corp. ®CI Financial is a registered trademark of CI Investment Inc., used under license.

SOURCE CI First Asset ETFs

Investor Relations, CI First Asset ETFs at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.