CI ETF Investment Management Inc. Announces Cash Distributions for ETFs

/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./

TORONTO, May 22, 2020 /CNW/ - CI ETF Investment Management Inc. ("CI ETF") today announced the May 2020 cash distributions for certain exchange-traded funds ("ETFs") as indicated in the table below. Unitholders of record on May 29, 2020 will receive cash distributions payable on June 5, 2020. The Ex-Dividend date for the distribution is May 28.

Details of the per-unit distribution amounts are as follows:

Further information about the ETFs can be found at www.firstasset.com

About CI ETF

CI ETF Investment Management Inc. is an ETF sponsor and manager. CI ETF is a subsidiary of CI Financial Corp. (TSX: CIX), an independent Canadian company offering global asset management and wealth management advisory services. CIX held approximately $166.3 billion in fee-earning assets as of April 30, 2020.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase ETFs managed by CI ETF and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Commissions, management fees and expenses may be associated with an investment in ETFs. Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Individuals should seek the advice of professionals, as appropriate, prior to investing. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.

SOURCE CI ETF Investment Management Inc.