CI First Asset Preferred Share ETF

Investment Objectives

CI First Asset Preferred Share ETF's investment objective is to provide unitholders with regular distributions; and the opportunity for capital appreciation from the performance of a portfolio comprised primarily of preferred shares of North American issuers. This actively managed portfolio will be comprised primarily of investment grade preferred shares and to a lesser extent investment grade corporate debt and convertible bonds. At least 75% of the Preferred Shares and Corporate Debt in the portfolio of FPR shall be rated investment grade at the end of every reporting period (June 30th and December 31st).

Signature Global Asset Management: Sector Specialists

Signature Global Asset Management, a division of CI Investments Inc., is the Portfolio Manager of the Fund. Signature Global Asset Management, led by Chief Investment Officer Eric Bushell, manages over $50 billion in core equity, balanced and income-oriented funds, and is CI Investments' largest in-house portfolio management group. Signature's John Shaw, Vice-President, Portfolio Management and Portfolio Manager , is responsible for stock selection for the Fund.

Mr. Shaw leads the Investment Grade Bond sector team for Signature Global Asset Management and has managed Signature's preferred share portfolio for over 10 years. Mr. Shaw has experience in international credit analysis, trading and portfolio management. Mr. Shaw holds a BA in Economics from Queen's University and the Chartered Financial Analyst designation.

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns.

S&P/TSX Preferred Share Index is a capitalization-weighted index designed to measure market activity of Canadian preferred stock listed on the Toronto Stock Exchange. The Index is used as a benchmark to help you understand the Fund’s performance relative to the general performance of Canadian preferred shares.