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OVERVIEW
- CIX Split Corp. aims to provide investors with tax-efficient
exposure to trust units of CI Financial Income Fund ("CIX").
- Fund specifically designed to capture the high distributions of
CIX until January 2011.
- Distributions from CIX Split Corp. are tax-efficient as they
will primarily be characterized as returns of capital and capital gains.
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INVESTMENT HIGHLIGHTS
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- CIX has significantly outperformed the S&P/TSX Composite Index and the S&P/TSX Diversified Financials Index over the last 10 years. Attractive financial fundamentals of CIX: 7.47% current distribution yield and 23.7% 5-year CAGR total returns.
- Strong Canadian brand with a diversified earnings base.
- One of the largest investment fund platforms in Canada.
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PRIORITY EQUITY SHARES
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- Fixed tax-efficient cumulative distribution yield of 5.0%, paid
monthly (primarily return of capital and capital gains).
- Priority Equity Shareholders to be repaid their original
investment amount upon maturity.
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CLASS A SHARES
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- Attractive tax-efficient monthly distributions targeted to be
7.0% per annum, paid monthly (primarily return of capital and capital
gains).
- Leveraged exposure to CIX trust units which enhances the
opportunity to participate in capital appreciation and distribution
growth.
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Summary of the Offering
ISSUER |
CIX Split Corp. (the Company) |
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| Selling Period: |
May 2007 - mid-June 2007 |
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| Prices: |
$10 per Priority Equity Share
$15 per Class A Share |
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| Minimum Purchase: |
100 Priority Equity Shares or 100 Class A Shares |
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| Termination Date: |
January 31, 2011 |
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| Eligibility: |
Eligible for RRSPs, DPSPs, RRIFs and RESPs |
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| Management Fees: |
0.25% of NAV per annum, calculated and payable monthly
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Disclaimer
Please
read important information.
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