CI Investments sets new date for proposed fund mergers

TSX Symbol: CIX

TORONTO, Aug. 13 /CNW/ - CI Investments Inc. ("CI"), the manager of United Financial's Artisan Portfolios and Institutional Managed Portfolios, announced today that securityholder meetings in Toronto to approve the merger of these investment products into similar solutions managed by CI Investments have been rescheduled to September 17, 2010.

The securityholder meetings had previously been scheduled for August 12.

Under the proposal, Artisan Portfolios will be merged into Portfolio Series and Institutional Managed Portfolios into Portfolio Select Series.

Also on September 17, securityholders will vote on CI's proposal to merge funds within the Portfolio Select Series program. Select Income Managed Corporate Class and Select 100i Managed Portfolio Corporate Class are to be merged into a new fund, Select Income Advantage Managed Corporate Class.

Subject to securityholders' approval, the mergers will take effect after the close of business on or about September 17, 2010. All other information regarding the proposed mergers remains unchanged.

CI Investments Inc. is one of Canada's largest investment management companies. It 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. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with approximately $88.8 billion in fee-earning assets as of July 31, 2010.

For further information: Murray Oxby, Director, Communications, CI Investments, [phone]