CI Financial Income Fund is reporting net sales of $126 million for June 2006, and assets under management of $57.0 billion and fee-earning assets of $73.6 billion at the end of the month.

CI subsidiary CI Investments Inc. had gross sales of $704 million and net sales of $102 million, consisting of net sales of $84 million in long-term funds and $18 million in money market funds.

CI subsidiary United Financial Corporation, which distributes its
investment products primarily through advisors with Assante Wealth Management, had gross sales of $114 million and net sales of $24 million in June.

Fee-earning assets at June 30 were $73.6 billion, which consisted of assets under management of $57.0 billion and administered/other assets of $16.7 billion. Assets under management included investment fund assets at CI Investments and United Financial of $55.9 billion and structured products/closed-end funds of $1.1 billion.

Administered/other assets included institutional assets at Trilogy Global Advisors, LLC, which generate fees for CI. The $15.4 billion in assets under administration at Assante Wealth Management and IQON Financial Management Inc. (net of assets under management at United Financial) generate fees for those companies.

CI completed its conversion from a corporation to an income trust on June 30.