CIX Split Corp. Announces Approval of Proposed Changes to its Investment Objectives, Strategies and Restrictions

About this update from Cmx Gold & Silver Corp

[{"type":"text","content":"\n\n\n\nTSX Symbol: CXC, CXC.PR.A\n\n\nTORONTO, Dec. 24 /CNW/ - CIX Split Corp. (the "Corporation") announced\ntoday that it has obtained approval from its shareholders to change the\ninvestment objectives, strategies and restrictions of the Corporation (the\n"Mandate Change") to reflect that the Corporation will invest substantially\nall of its assets in common shares of the corporate successor ("CI Financial")\nto CI Financial Income Fund (the "Income Fund") after the Income Fund converts\nto a corporation. Currently, the Corporation has exposure to the trust units\nof the Income Fund.\n\n\nThe Mandate Change will become effective on or before January 1, 2009 and\nincludes deleting from the Corporation's investment objectives respecting its\nClass A Shares the reference to targeted monthly cash distributions. The\nCorporation also will complete the early settlement of the sale of its common\nshare portfolio to the counterparty to its forward purchase and sale agreement\nand invest the proceeds thereof in additional common shares of CI Financial.\n\n\nThe Corporation's Class A Shares and Priority Equity Shares are listed on\nthe Toronto Stock Exchange under the symbols CXC and CXC.PR.A, respectively.\n\n\n","length":1308,"tagName":"div"}]

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