Ci Global Investments Inc.

Allegations: THE FIRM ENTERED INTO A SETTLEMENT AGREEMENT WITH STAFF OF THE OSC. THE AGREEMENT WAS IN RESPECT OF THE FIRM'S NON-COMPLIANCE WITH NATIONAL INSTRUMENT 81-105 - MUTUAL FUND SALES PRACTICES. PURSUANT TO THE SETTLEMENT AGREEMENT, THE FIRM AGREED TO PAY AN ADMINISTRATIVE PENALTY IN THE AMOUNT OF $1,500,000, COSTS OF THE OSC INVESTIGATION IN THE AMOUNT OF $150,000 AND OTHER NON-MONETARY TERMS, INCLUDING SUBMITTING TO A REVIEW OF ITS PRACTICES AND PROCEDURES BY AT THIRD PARTY CONSULTANT. Status: Final Sanction Detail: PURSUANT TO THE SETTLEMENT AGREEMENT, THE FIRM AGREED TO PAY AN ADMINISTRATIVE PENALTY IN THE AMOUNT OF $1,500,000, COSTS OF THE OSC INVESTIGATION IN THE AMOUNT OF $150,000 AND OTHER NON-MONETARY TERMS, INCLUDING SUBMITTING TO A REVIEW OF ITS PRACTICES AND PROCEDURES BY AT THIRD PARTY CONSULTANT. Summary: PURSUANT TO THE SETTLEMENT AGREEMENT, THE FIRM AGREED TO PAY AN ADMINISTRATIVE PENALTY IN THE AMOUNT OF $1,500,000, COSTS OF THE OSC INVESTIGATION IN THE AMOUNT OF $150,000 AND OTHER NON-MONETARY TERMS, INCLUDING SUBMITTING TO A REVIEW OF ITS PRACTICES AND PROCEDURES BY AT THIRD PARTY CONSULTANT.

Allegations: CI INVESTMENTS INC. SELF-REPORTED A MATTER TO THE ONTARIO SECURITIES COMMISSION STAFF IN CONNECTION WITH THE FAILURE TO RECORD INTEREST WITHIN CERTAIN FUNDS IN A TIMELY MANNER. Status: Final Sanction Detail: THE ONTARIO SECURITIES COMMISSION ENTERED AN ORDER APPROVING A NO CONTEST SETTLEMENT AGREEMENT BETWEEN CI INVESTMENTS INC. AND THE STAFF OF THE ONTARIO SECURITIES COMMISSION RELATING TO THE FAILURE TO RECORD INTEREST FOR CERTAIN MUTUAL FUNDS. Summary: UNDER THIS SETTLEMENT AGREEMENT, CI INVESTMENTS INC. AGREED TO MAKE A VOLUNTARY PAYMENT OF C$8,000,000 TOWARDS THE OSC'S MANDATE OF PROTECTING INVESTORS, C$50,000 TOWARDS COSTS TO THE OSC INVESTIGATION, AND COMPENSATION TO REIMBURSE CURRENT AND FORMER CLIENTS AFFECTED WHICH IS EQUAL TO THE FULL AMOUNT OF THE UNRECORDED INTEREST, IN THE RESPECTIVE PROPORTIONS TO WHICH THEY ARE ENTITLED.