1. Case study  RRSP to RRIF account Name April XX, 2016

2. G5|20 Series Case Study RRSP to RRIF Account

3. G5|20 Series brings together CI’s leading portfolio managers 3

4. Both are 60 and married. Retiring in about five years. Realize that market growth can potentially enhance their lifestyle in retirement. Concerned that market volatility can affect their retirement. Robert and Elizabeth are investing in an RRSP and looking to retire in the short term

5. Annual guaranteed cash flow requirement$70,000 Less Elizabeth’s employer pension benefits$28,500 Less Elizabeth and Robert’s combined government benefits $28,400 Income gap (guaranteed cash flow required from Robert’s RRSP) $13,100 Where Robert and Elizabeth stand today: looking to fill the income gap Dependent on Robert’s $350,000 in RRSP assets to provide annual cash flow of $13,100 to cover their income gap.

6. Robert’s RRSP savings need to: Guarantee predictable and sustainable cash flow. Potentially increase the guaranteed cash flow. Provide capital appreciation potential. Reduce overall volatility. Meet RRIF minimum annual payment (MAP) requirements. Guarantee the same level of cash flow to Elizabeth in the event of death. Address sequence of return risk. The challenge: security and certainty of sustainable cash flow without sacrificing potential growth

7. Robert’s RRSP Account G5|20 Series$350,000 The strategy: guaranteeing cash flow requirements through mutual fund product allocation Invest any excess guaranteed cash flow above the RRIF MAP into a conservative balanced mutual fund.

8. Annual cash flow requirement$70,000 Less Elizabeth’s company pension benefits$28,500 Less Elizabeth and Robert’s combined government benefits $28,400 G5|20 Series guaranteed cash flow from Robert’s RRIF$17,833 Annual cash flow surplus$4,733 The result: cash flow during first year of retirement

9. The result: predictable, guaranteed cash flow with upside potential

10. Year 10: blended equity index is down 31%  that's what happened in 2008. Robert’s dilemma:  Live on less money than anticipated, or  Withdraw more than 5% to maintain his lifestyle ─withdrawing a greater percentage than anticipated results in faster depletion of assets. G5|20 Series mitigates this risk through downside protection, and guaranteed, stable and predictable cash flows. Can Robert afford not to be invested in G5|20 Series for his retirement?

11. G5|20 Series Conservative Balanced Mutual Fund Initial investment$350,000$0 Cash flow $359,717 (guaranteed cash flow of 5% increased by 3% based on original investment) $29,151 Residual value $306,188 (after receiving 20 years of guaranteed cash flow) $37,311 Summary: Robert and Elizabeth’s combined assets after 20 years Using an historical return scenario with a significant market downturn in Year 10 as illustrated in the CI Guaranteed Retirement Cash Flow Series calculator at www.ci.com/G520.www.ci.com/G520

12. Product features cannot be changed and fees cannot be increased without consent from the fund’s unitholders. Flexibility to lock in accrued market gains by switching to new G5|20 Series tranches. Potential to transfer all of G5|20 Series’ benefits, including the guaranteed cash flow, to a beneficiary. G5|20 Series also offers additional benefits:

13. Thank you Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Except as described below, mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Bank of Montreal guarantees that at least the original amount you paid for the fund unit will be paid back to you over a 20-year period in equal monthly instalments. This guarantee does not apply to units redeemed before the end of that period. You will receive the net asset value per unit for any unit redeemed early. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. BMO Financial Group and Bank of Montreal are marketing names (also referred to as trade names or brand names) used by Bank of Montreal. “BMO”, “BMO Financial Group”, “BMO (M-bar roundel symbol) Financial Group”, “Bank of Montreal” and “BMO Capital Markets” are trademarks owned by Bank of Montreal. ®CI Investments, the CI Investments design, G5|20 Series, CI Guaranteed Retirement Cash Flow Series, Cambridge, Harbour Advisors and Harbour Funds are registered trademarks of CI Investments Inc.™G5|20 Series design, Signature Funds and Signature Global Asset Management are trademarks of CI Investments Inc. Cambridge Global Asset Management is a business name of CI Investments Inc. used in connection with its subsidiary, CI Global Investments Inc. Certain portfolio managers of Cambridge Global Asset Management are registered with CI Investments Inc.