CI Financial Income Fund

CIX.UN-T

Doesn’t have any in his fund, but he did pick some up for a pension that he does. He has a model price of $38.50, a 48% positive differential. Will be happy to have it back when it becomes a corporation again.

Outlook is quite good, particularly from a cash flow generation. Has had good movement, so could see a bit of a tail off in the next year or two. Very wide and broad portfolio of mutual funds.

A great business in a good area. Expect they will take advantage of the 4-year window given on income trusts.

A tremendous long-term business. Low cost producer. Great demographics.

Ideally designed for the income trust structure. Will convert back to a corporate tax structure in 2011. Would be cautious and not jump back in yet.

Expects this company will continue to grow. Very good with expense control. Will convert back to an ordinary stock at the end of 4 years.

A well-run company. Expects they will buy back some of their shares. He would buy more units on weakness.

Being hit with a double whammy. Not only are they getting hit with a tax, the TSX has dropped 300 points, which will hit their assets under management. The main focus should be how their assets under management will do. Wouldn't go in at this time.

Very well-run company. A reasonable entry point would be $27-$28 . One of the top managers left, so there could be some defections and money moving out.

As a mutual fund company, their growth comes from the growth in the market, so you have to decide where you think the market is going.

Doesn't require a lot of capital, so as an income trust, it is probably not that bad thing. You have to be cautious, because if there is a market pull down, there would be challenges going forward. Have grown by acquisition and will have a tougher time in future.

Very good company. Converting to an income trust has proved up a lot of extra value. One of the better managed mutual fund companies. Exceptionally strong in marketing.

It's the leading mutual fund company in the country. It's a leveraged way to play the market. Believes they will do everything in their power to hold their distribution.

Companies that have consistent fee generation are pretty attractive. Somewhat dependent on market performance, but investors are interested in consistency.

One of the top fund companies. There will be long-term growth. Well-run and pretty diversified. Expects 3/4% growth as well as distributions.