CI Global Asset Management Projects Year-End Reinvested Distributions for JFT Strategies Fund

CI Global Asset Management (CI GAM), a significant player in the Canadian investment management landscape, has made a preliminary announcement regarding the JFT Strategies Fund for the financial year concluding on December 31, 2023. This closed-end fund is expected to make reinvested distributions to its shareholders, which are currently estimated figures derived from financial data as of October 31, 2023.

Initial Reinvested Distribution Estimates

The estimated reinvested distributions, also known as Estimated Reinvested Distributions, constitute an important notification to investors regarding potential returns. However, these projections include forward-looking information and may be subject to change as the Fund approaches its tax year-end. The actual figures for the reinvested distributions will be definitively established and made public shortly after December 31st, and before the payment date, once the Fund's tax position for the year end is fully ascertained.

Reinvestment and Distribution Mechanism

Scheduled for on or before January 15, 2024, the distributions will be made to investors recorded on December 29, 2023. Reinvested distributions will be executed through the issuance of additional securities of the Fund which will be immediately followed by a consolidation of the Fund's capital, ensuring that the total count of outstanding securities remains constant.

The estimated distribution per unit for JFT Strategies Fund – Class A stands at $2.297488 with a distribution percentage of 9.44%, while for JFT Strategies Fund – Class F, the estimated distribution per unit is $2.561016, resulting in a distribution percentage of 9.80%.

About CI Global Asset Management

Present in the industry as one of Canada's premier investment management companies, CI Global Asset Management offers an expansive array of investment products and services. It functions under the corporate wing of CI Financial Corp., a well-integrated global wealth and asset management firm that reported a significant $421.0 billion in total assets as of the end of September 2023.

Investors are reminded that mutual fund investments, as with all investments, come with associated fees and expenses, and they should thoroughly read the prospectus before investing. These investments are subject to market changes and past performance does not guarantee future results.

The communication shared in this context is purely for educational purposes and should not be taken as investment, tax, legal, or accounting advice. Professional advice should be acquired before making any investment decisions. Forward-looking statements are inherently subject to risks and uncertainties, and actual results could differ materially from the estimated distributions discussed herein due to several factors including, but not limited to, actual received distributions, capital gains, and the Fund's subscription and redemption activities.

finance, distributions, investing