In connection with a proposed change in investment objectives, CI proposes a name change for the fund
The firm will reduce management fees from 5-55 bps on the 33 mutual funds and reduce the minimum requirement for the CI preferred pricing program
Lower ratings for 24 mutual funds
There are concerns about the asset manager’s “growing long-term debt levels” and that the company’s debt/EBITDA ratio has increased
Lower ratings for three Sentry mutual funds
Change to CI Investment Grade Bond Fund effective immediately
Six funds to merge into other funds with similar mandates
The proposed mergers would streamline the lineup and retain certain tax efficiencies for the funds
Toronto-based CI Investments Inc. (CI) on Wednesday announced plans to merge six funds in order to reduce duplication and help simply its fund roster.
Units delisted from the Toronto Stock Exchange