Key Takeaways
- • CI Global Asset Management declared a special reinvested distribution for CI Alternative Investment Grade Credit Fund ETF Series (TSX: CRED, CRED.U), reinvested on August 21, 2026, for unitholders of record on August 20, 2026.
- • The distribution is paid in units rather than cash, and the resulting units are immediately consolidated, so each investor's unit count remains unchanged.
- • The special distribution is separate from the fund's regular monthly cash distributions, which the release does not quantify.
- • The announcement is a routine distribution notice and does not disclose the per-unit amount or the fund's performance.
Summary
CI Global Asset Management ("CI GAM"), a Toronto-based subsidiary of CI Financial Corp., announced a special reinvested distribution for CI Alternative Investment Grade Credit Fund ETF Series, which trades on the Toronto Stock Exchange under the symbols CRED and CRED.U, according to a Business Wire release dated August 19, 2026.
The distribution will be reinvested on August 21, 2026, for unitholders of record on August 20, 2026. Because the distribution is reinvested rather than paid in cash, the resulting units are immediately consolidated, so the number of units held by each investor does not change. The release states that the amount applies only to the special distribution and excludes the fund's regular monthly cash distributions. The per-unit amount was not disclosed in the text provided.
CI GAM describes itself as one of Canada's leading investment managers, offering mutual funds, exchange-traded funds and alternative investments, with more than 1.3 million investors served through financial advisors, wealth management firms and institutions. The release also notes that CI Liquid Alternative funds may use derivatives, short selling and borrowing, which can accelerate losses during certain market conditions.
The distribution will be reinvested on August 21, 2026, for unitholders of record on August 20, 2026. Because the distribution is reinvested rather than paid in cash, the resulting units are immediately consolidated, so the number of units held by each investor does not change. The release states that the amount applies only to the special distribution and excludes the fund's regular monthly cash distributions. The per-unit amount was not disclosed in the text provided.
CI GAM describes itself as one of Canada's leading investment managers, offering mutual funds, exchange-traded funds and alternative investments, with more than 1.3 million investors served through financial advisors, wealth management firms and institutions. The release also notes that CI Liquid Alternative funds may use derivatives, short selling and borrowing, which can accelerate losses during certain market conditions.
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