CI Financial Income Fund completed its conversion from an income trust to a corporate structure, effective Jan. 1.

Under the conversion, all of the units of the fund and exchangeable Class B limited partnership units of Canadian International LP (and accompanying special voting units of the fund) were exchanged for common shares of CI Financial Corp. on a one-for-one basis.

The common shares of CI Financial Corp. will trade on the Toronto Stock Exchange under the symbol “CIX”.

CI Financial Corp. will be a reporting issuer under Canadian provincial securities laws and will continue to carry on the businesses previously conducted by the fund and its subsidiaries, CI Financial said.

The closing price of the fund units on the Toronto Stock Exchange on Dec. 31, 2008 was $14.50 per unit.

Toronto-based CI Financial is an independent, Canadian-owned wealth management company with approximately $78.9 billion in fee-earning assets as of Nov. 30, 2008.

IE