The new CI Multi-Manager Opportunities Fund is now available.

Date: Friday, April 12, 2002

The new CI Multi-Manager Opportunities Fund is now available for sale. The fund was priced for the first time on Friday April 12th. The launch price is $100 per unit for the CDN$ fund and the US$ equivalent of $100 CDN for the US$ fund. The Multi-Manager fund is a fund of funds structure consisting of five underlying hedge funds: Landmark Opportunities Fund, Trident Global Opportunities Fund, BPI Global Opportunities III Fund, Altrinsic Opportunities Fund and Trilogy Global Opportunities Fund. Each of the 5 hedge funds within the multi-manager hedge fund will represent approximately 20% of the fund. CI Funds will monitor the fund's performance and may take steps to maintain this balance, including adjusting the flow of new money to the managers or rebalancing the amounts held by each manager. Rebalancing may occur quarterly or at CI's discretion if CI believes it is in the best interest of investors.