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
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 capital 1
$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 Gross Income
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
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
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 and Portfolio Series *Includes distributions from inception until June 30, 2007.
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)
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