Forge First Asset Management Announces Risk Rating Changes

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Toronto – Forge First Asset Management Inc. (“Forge First”) announces changes to the CI Forge First alternative mutual funds risk rating. The following changes take effect immediately:

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The risk rating changes are based on the risk rating methodology approved by the Canadian Securities Regulators to determine the risk level of mutual funds. Forge First reviews the risk rating of each fund we manage at least annually, and when the fund changes materially. These changes are the result of an ongoing internal review of Forge First and are not the result of any changes in investment objectives, strategies or financial management.

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About Forge First

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Forge First Asset Management is one of the leading asset managers offering investment solutions that strike a balance between asset protection and capital growth. Forge First is a wholly owned subsidiary of CI Investments Inc., operating as

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CI Global Asset Management

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Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their prices change frequently, and past performance may not be repeated.

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Alternative investment funds have the ability to invest in asset classes or use investment strategies not allowed in conventional mutual funds. Some strategies that differentiate these investment funds from the traditional fund structure include the increased use of derivatives for hedging and non-hedging purposes; increased ability to short sell securities; and the ability to borrow money to be used for investment purposes. Although these strategies will be used in accordance with the investment objectives and strategies of the investments, during certain market conditions they may accelerate the speed at which your investment declines in value.

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This communication is intended for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy mutual funds managed by Forge First Asset Management Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon as such. Every effort has been made to ensure that the information contained in this document is accurate at the time of publication. Individuals should seek professional advice, as appropriate, regarding any particular investment. Investors should consult their professional advisors before making any changes to their investment strategies. This investment may not be suitable for the circumstances of the investor.

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CI Global Asset Management is a registered business name of CI Investments Inc.

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