CI Income Fund

1 fund managementCI Investment Consulting is an in-house group of professionals who are responsible for the design and management of CI s managed solutions. The team directly oversees $33 billion in assets in various managed solutions for clients of CI Global Asset Management manages over $55 billion across all asset classes, including fixed Income and Canadian and global equities. The team is led by Chief Investment Officer Eric Global Asset Management manages over $15 billion across multiple asset classes. The team is led by Chief Investment Officer Brandon Asset Management is an alternative asset manager specializing in global and Canadian fixed Income .

2 Marret is led by Chief Investment Officer Barry characteristicsNAV: ..$ distribution/unit: ..$ Annualized payout ratio: .. *Portfolio yield (approx.): .. characteristics: ..ROC and capital gainsPORTFOLIO SNAPSHOTD ecember 31, 2016CI Income FundKey factsn Exposure to a diversified portfolio of Income -oriented Enhanced yield compared to traditional Income Security selection by the award-winning Signature Global Asset Management, Cambridge Global Asset Management and Marret Asset Management Active currency hedging analysis Asset classGovernment bonds34%High-yield bonds19%Corporate bonds19%Cash & equivalents17%Equity9%REITs & trusts2%GeographyUnited States44%Canada42%Europe8%Pacific Rim4%Other2%Currency exposureCanadian dollar71% dollar25%Other2%Euro2%Bond characteristicsDuration in bonds40%Average credit quality (Total fund )A% under Single B- (% of Total fund )

3 2%SectorGovernment bonds33%Financials22%Cash17%Energy5%Cons umer discretionary5%Telecommunications4%Other 4%Industrials3%Consumer staples2%Health care2%Utilities2%Materials1%Information technology0%*Represents the monthly distribution per unit, multiplied by 12 and divided by the fund s net asset value at month-end. This calculation does not include reinvested units and assumes a fixed distribution each month. If the fund earns more Income or capital gains than the fixed distribution, it will distribute the excess each December. If the fund earns less than the amount distributed, the difference is a return of capital.

4 Distributions are not guaranteed and may change according to market conditions and the Income earned by the fund . Unitholders may elect to receive the distribution in cash by notifying CI in ADVISOR USE ONLY NOT FOR DISTRIBUTION TO CLIENTSC ommissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or Income taxes payable by any securityholder that would have reduced returns.

5 Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. CI Investments, the CI Investments design and Cambridge are registered trademarks of CI Investments Inc. 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. Published January SNAPSHOTD ecember 31, 2016CI Income FundFund codesClass AClass FISCDSCLLCI Income Fund2339333913394339 Performance 1 Year2 Year3 Year5 YearInception*CI Income fund (Class A) bondsTop 5 Treasury, 15 Nov26 United Treasury, 15 Nov46 United of Canada, , 20+ yr.

6 Tresury Bond ETFU nited of Quebec, , bondsTop 5 holdingsCountrySectorWeightFirst Data Corporation, , 01 Nov20 United Bank of Canada, , Grid Elec. Trans., , 20 Sep17 United Morgan Chase & Co., , 19 Sep17 United Bank of Canada, FRN, 5 holdingsCountrySectorWeightiShares Real Estate ETFU nited StatesReal StatesReal Financial *Sep. 101701-0194A_E (01/17) 2 Queen Street East, Twentieth Floor, Toronto, Ontario M5C 3G7 I Office / Toronto416-364-1145 1-800-268-9374 Montreal 514-875-00901-800-268-1602 Vancouver 604-681-33461-800-665-6994 Client Services 1-800-792-9355