Tax-Efficient Cash Flow with. Agenda Market opportunity What is T-Class? How does T-Class work? Sales process Competitive overview.

Tax-Efficient Cash Flow with

Agenda

• Market opportunity

• What is T-Class?

• How does T-Class work?

• Sales process

• Competitive overview

Market opportunity

Retirees and pre-retirees looking for a stable income that also provides:• Capital preservation• Growth potential• Tax minimization

To overcome• A low-yield environment• Reduced dividends• Disappearing income trusts• Market volatility

What is T-Class?

• A new series available for more than 25 funds

– Income, balanced, equity or managed solutions

• Regular, steady, tax-deferred cash flow stream with choice of two annual target distribution levels –

5% and 8% (paid monthly)

At no additional cost

Cash Flow with T-Class

Tax Efficiency

1 Assumes a top marginal tax rate for Ontario of 46.4% for 2007.

The difference in the after-tax value of $10,000 in income from interest, dividends, capital gains and return of capital1

Market ValueGross

Distribution Taxes Net Income Market Value Book ValueGross

Distribution Taxes Net Income

Investment $1,000,000 - - - $1,000,000 $1,000,000 - - -

Year 1 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $950,000 $50,000 $0 $50,000

Year 2 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $900,000 $50,000 $0 $50,000

Year 3 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $850,000 $50,000 $0 $50,000

Year 4 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $800,000 $50,000 $0 $50,000

Year 5 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $750,000 $50,000 $0 $50,000

Year 6 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $700,000 $50,000 $0 $50,000

Year 7 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $650,000 $50,000 $0 $50,000

Year 8 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $600,000 $50,000 $0 $50,000

Year 9 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $550,000 $50,000 $0 $50,000

Year 10 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $500,000 $50,000 $0 $50,000

Year 11 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $450,000 $50,000 $0 $50,000

Year 12 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $400,000 $50,000 $0 $50,000

Year 13 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $350,000 $50,000 $0 $50,000

Year 14 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $300,000 $50,000 $0 $50,000

Year 15 $1,000,000 $50,000 $23,200 $26,800 $1,000,000 $250,000 $50,000 $0 $50,000

If Redeemed $1,000,000.00 $348,000.00 $402,000.00 $826,000.00 $0.00 $750,000.00

Total after-tax gain $402,000 Total after-tax gain $576,000.00

T-Class Advantage: 43.3%

Mutual Fund Trust Corporate Class

$174,000.00

$1 million investment in an income mandate:

Trust version income: Assumes 5% interest income and no capital growth

5.0% T-Class distribution:Assumes no capital growth

1 Assumes a top marginal tax rate for Ontario of 46.4% for 2007.

Same GrossIncome

T-Class Corporate Class Advantage

T-Class is built on the tax-efficiency of CI’s Corporate Class, which ensures:

• Distributions will be ROC

• Flexibility to move between T-Class and all CI Corporate Class funds, without triggering a taxable event

T-Class Investment Lineup

T-Class Competitive Advantage

How Does T-Class Work?

Calculation of Monthly Payments

T-Class distribution is adjusted based on previous year’s performance.

T-Class in a Rising Market

T-Class in a Falling Market

Sales Process

• Identify target markets

• Select investment that fits your clients’ objectives and risk tolerance

• Choose from two target distributions: 5% or 8%

– or adjust to fit your clients’ income needs

• Consider a conservative leveraged strategy

Target Markets

• Non-registered investors looking for a tax-efficient source of income

• Retirees seeking income, without triggering OAS clawbacks

• Investors who may be suitable for a strategy using leverage, so that the investment pays the costs of the loan

Select FundsGrowth of $10,000

Choose Distribution

Key Benefits

• Flexible to provide cash flow tailored to meet your clients’ needs

• Stable, sustainable monthly income

• Tax efficiency

• Provides income without sacrificing growth

T-Class Competitive Position

• CI’s Corporate Class tax-efficient platform:

– convert, switch, defer

– ROC certainty

Most of industry – mutual fund trusts

– switches trigger taxable distributions

– ROC is “top-up”

• CI offers largest group of funds:

– CI’s most popular funds, Portfolio Select Series and Portfolio Series (balanced and growth mandates)

Thank youHead Office2 Queen Street East, Twentieth FloorToronto, Ontario M5C 3G7Tel: 416-364-1145Toll Free: 1-800-268-9374

English Client Services Team: 1-800-563-5181

French Client Services Team: 1-800-668-3528

CalgaryTel: 403-205-4396

Toll Free: 1-800-776-9027

HalifaxTel: 902-422-2444

Toll Free: 1-888-246-8887

MontrealTel: 514-875-0090

Toll Free: 1-800-268-1602

VancouverTel: 604-681-3346

Toll Free: 1-800-665-6994

All charts and illustrations in this guide are for illustrative purposes only. They are not intended to predict or project investment results.

®CI Investments and the CI Investments design are registered trademarks of CI Investments Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise indicated and except for returns for periods less than one year, the indicated rates of return are the historical annual compounded total returns including changes in security value. All performance data assume reinvestment of all distributions or dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.