CI Galaxy Ethereum ETF

THIS WEBSITE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THE UNITS IN ANY JURISDICTION, INCLUDING IN ANY U.S. STATE TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION IN SUCH JURISDICTION. THIS WEBSITE IS NOT, AND UNDER NO CIRCUMSTANCES IS IT TO BE CONSTRUED AS, AN ADVERTISEMENT, AND THE OFFERING CONTEMPLATED IN THIS WEBSITE IS NOT, AND UNDER NO CIRCUMSTANCES IS IT TO BE CONSTRUED AS, A PUBLIC OFFERING OF THE UNITS.

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY CREATING THE SECURITIES AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THE UNITS OFFERED HEREBY HAVE NOT BEEN APPROVED, DISAPPROVED, ENDORSED OR RECOMMENDED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) OR BY THE SECURITIES REGULATORY AUTHORITY OF ANY U.S. STATE, AND NEITHER THE SEC NOR ANY U.S. STATE AUTHORITY HAS REVIEWED THIS WEBSITE NOR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS WEBSITE, NOR IS IT INTENDED THAT THE SEC OR ANY U.S. STATE AUTHORITY WILL DO SO. NO INDEPENDENT PERSON HAS CONFIRMED THE ACCURACY OR TRUTHFULNESS OF THIS DISCLOSURE, NOR WHETHER IT IS COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

THE UNITS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY U.S. STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED IN RULE 902(k) OF REGULATION S OF THE SECURITIES ACT) UNLESS THE UNITS ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. IT IS ANTICIPATED THAT THE OFFERING AND SALE OF THE UNITS IN THE UNITED STATES WILL BE EXEMPT FROM REGISTRATION PURSUANT TO SECTION 4(a)(2) OF THE SECURITIES ACT AND OTHER EXEMPTIONS OF SIMILAR IMPORT UNDER THE LAWS OF THE STATES AND WHERE THE OFFERING WILL BE MADE. THE CI GALAXY ETHEREUM ETF WILL NOT BE REGISTERED AS AN INVESTMENT COMPANY UNDER THE U.S. INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”).

THERE IS NO PUBLIC MARKET FOR THE UNITS IN THE U.S., AND NO SUCH MARKET IS EXPECTED TO DEVELOP. ALTHOUGH THE OFFERING IS RELYING ON SECTION 4(a)(2) OF THE SECURITIES ACT, FOR OTHER PURPOSES EACH PURCHASER WILL BE REQUIRED TO REPRESENT, AMONG OTHER THINGS, THAT IT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF REGULATION D OF THE SECURITIES ACT, AND THAT IT IS ACQUIRING THE UNITS PURCHASED BY IT FOR INVESTMENT AND NOT WITH A VIEW FOR RESALE OR DISTRIBUTION. THE UNITS ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND UNLESS THE UNITS ARE REGISTERED UNDER THE SECURITIES ACT OR EXEMPTED FROM SUCH REGISTRATION AND REGISTRATION UNDER ANY OTHER APPLICABLE SECURITIES LAW REQUIREMENTS.

THIS WEBSITE IS FOR THE CONFIDENTIAL USE OF ONLY THOSE PERSONS TO WHOM IT IS TRANSMITTED IN CONNECTION WITH THIS OFFERING. BY ACCEPTANCE HEREOF, EACH RECIPIENT AGREES NOT TO TRANSMIT, REPRODUCE OR MAKE AVAILABLE TO ANYONE, IN WHOLE OR IN PART, THIS WEBSITE, ANY SUPPLEMENT HERETO OR ANY INFORMATION CONTAINED HEREIN OR THEREIN WITHOUT THE PRIOR WRITTEN CONSENT OF CI GLOBAL ASSET MANAGEMENT, OR TO USE IT FOR ANY PURPOSE OTHER THAN EVALUATING A POSSIBLE INVESTMENT IN THE CI GALAXY ETHEREUM ETF.

PROSPECTIVE INVESTORS ARE CAUTIONED NOT TO RELY ON THE TARGETED RETURNS, IF ANY, SET FORTH HEREIN IN MAKING A DECISION WHETHER OR NOT TO PURCHASE THE UNITS OFFERED HEREBY.

PROSPECTIVE INVESTORS SHOULD NOT CONSTRUE THE CONTENTS OF THE WEBSITE AS LEGAL, TAX, REGULATORY, FINANCIAL, ACCOUNTING OR OTHER ADVICE. EACH PROSPECTIVE INVESTOR SHOULD MAKE ITS OWN INVESTIGATION AND CONSULT ITS OWN ADVISORS AS TO THE LEGAL, TAX, REGULATORY, FINANCIAL, ACCOUNTING AND RELATED MATTERS CONCERNING THE CI GALAXY ETHEREUM ETF, THE OFFERING AND AN INVESTMENT IN THE CI GALAXY ETHEREUM ETF. NONE OF THE CI GALAXY ETHEREUM ETF, CI GLOBAL ASSET MANAGEMENT, ANY OF THEIR AFFILIATES OR ANY PLACEMENT AGENT IS MAKING ANY REPRESENTATION OR WARRANTY TO AN INVESTOR REGARDING THE LEGALITY OF AN INVESTMENT IN THE CI GALAXY ETHEREUM ETF BY SUCH INVESTOR OR ABOUT THE INCOME AND OTHER TAX CONSEQUENCES TO IT OF SUCH AN INVESTMENT.

AN INVESTMENT IN THE CI GALAXY ETHEREUM ETF MAY BE SUBJECT TO INCREASING REGULATIONS AND GOVERNMENTAL OVERSIGHT, INCLUDING, FOR EXAMPLE, THE U.S. BANK SECRECY ACT AND THE USA PATRIOT ACT OF 2001, INCLUDING THEIR RESPECTIVE IMPLEMENTING REGULATIONS WHICH, AMONG OTHER THINGS, CONSTITUTE THE ANTI-MONEY LAUNDERING REGULATIONS. SUCH RULES MAY REQUIRE VARIOUS INVESTOR DISCLOSURES TO, AMONG OTHERS, U.S. DOMESTIC GOVERNMENT AUTHORITIES.

THE CI GALAXY ETHEREUM ETF EXPECTS TO BE EXEMPT FROM SEC REGULATION AS AN INVESTMENT COMPANY UNDER THE INVESTMENT COMPANY ACT UNDER A CURRENTLY AVAILABLE EXCEPTION TO SUCH REGULATIONS. ACCORDINGLY, CERTAIN PROTECTIONS AFFORDED TO INVESTORS IN U.S. REGISTERED INVESTMENT COMPANIES (OR U.S. MUTUAL FUNDS) WILL NOT BE AFFORDED TO INVESTORS IN THE CI GALAXY ETHEREUM ETF.

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE CI GALAXY ETHEREUM ETF AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THE UNITS HAVE NOT BEEN RECOMMENDED BY ANY U.S. FEDERAL OR STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING U.S. AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

CI Galaxy Ethereum ETF (the “ETF”) is an exchange traded mutual fund that invests in the digital currency Ether (“ETH”). Given the speculative nature of ETH and the volatility of the Ether markets, there is no assurance that the ETF will be able to meet its investment objective. An investment in the ETF is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. An investment in the ETF is considered high risk.

Commissions, management fees and expenses all may be associated with an investment in exchange-traded funds (ETFs). You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Important information about an exchange-traded fund is contained in its prospectus. The indicated rates of return are the historical annual compounded total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all dividends/distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. ETFs are not guaranteed; their values change frequently, and past performance may not be repeated.

This mutual fund is an alternative fund. It has the ability to invest in asset classes or use investment strategies that are not permitted for conventional mutual funds. The specific strategies that differentiate this fund from conventional mutual funds include increased use of derivatives for hedging and non-hedging purposes; increased ability to sell securities short; and the ability to borrow cash to use for investment purposes. While these strategies will be used in accordance with the fund’s investment objectives and strategies, during certain market conditions they may accelerate the pace at which your investment decreases in value.

The CI Galaxy Ethereum ETF is an alternative mutual fund and has the ability to invest in asset classes and use investment strategies that are not permitted for conventional mutual funds. Galaxy Digital Capital Management LP is the Ethereum subadvisor for the Fund. CI Investments Inc. is the manager, trustee, and promoter of the Fund.

The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values or returns on investment in an investment fund.

The “Growth of $10,000 invested” chart shows the final value of a hypothetical $10,000 investment in securities in this class/series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.

The risk level of a fund has been determined in accordance with a standardized risk classification methodology in National Instrument 81-102, that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the fund’s returns.  Where a fund has offered securities to the public for less than 10 years, the standardized methodology requires that the standard deviation of a reference mutual fund or index that reasonably approximates the fund’s standard deviation be used to determine the fund’s risk rating.  Please note that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.

Management Expense Ratio (“MER”) represents the trailing 12-month management expense ratio, which reflects the cost of running the fund, inclusive of applicable taxes including HST, GST and QST (excluding commissions and other portfolio transaction costs) as a percentage of daily average net asset value the period, including the fund’s proportionate share of any underlying fund(s) expenses, if applicable. The MER is reported in each fund’s Management Report of Fund Performance (“MRFP”). MRFPs can be found within the Documents tab.

This information on this document is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or an offer or a solicitation to buy or sell securities.  Every effort has been made to ensure that the material contained herein is accurate at the time of publication. Market conditions may change which may impact the information contained in this document.  

For major events that may affect the performance of a fund in the last 10 years, including its participation in an amalgamation or merger with another fund or a change in its investment objectives or portfolio advisor, please refer to the “Name, Formation and History of the Fund” section in the fund's most recently filed simplified prospectus.

Each CI ETF does not have a fixed distribution/dividend amount. The amount of ordinary cash distributions/dividends, if any, will be based on CI’s assessment of anticipated cash flow and anticipated expenses of a CI ETF from time to time. Depending on the underlying investments of a trust fund, distributions on units may consist of ordinary income, including foreign source income and taxable dividends from taxable Canadian corporations, interest or distributions received by the trust fund but may also include net realized capital gains, in any case, less the expenses of that trust fund and may include returns of capital. To the extent that the expenses of a trust fund exceed the income generated by such trust fund in any applicable distribution period, it is not expected that a distribution for that period will be paid. The sources of income of the classes of shares of CI First Asset Fund Corp. are expected to include taxable capital gains as well as dividends from taxable Canadian corporations. However, to the extent that CI First Asset Fund Corp. earns net income, after expenses and other deductions (including any available loss carryforwards to the extent deductible), from other sources, including dividends and other income from non-Canadian sources and interest income, CI First Asset Fund Corp. will generally be subject to income tax on such income and no refund of such tax will be available. Distributions of a return of capital may also be made in respect of a class of shares of CI First Asset Fund Corp. A return of capital is not directly subject to tax but will reduce the adjusted cost base of the shares. Given the investment and distribution policies of CI First Asset Fund Corp. and taking into account the deduction of expenses, any applicable loss carryforwards and taxable dividends on shares of taxable Canadian corporations, CI does not expect that the CI First Asset Fund Corp. will be subject to appreciable amounts of non-refundable Canadian income tax. Please refer to the funds simplified prospectus for further information.

The CI Exchange-Traded Funds (ETFs) are managed by CI Global Asset Management, a subsidiary of CI Financial Corp. (TSX: CIX). CI Global Asset Management is a registered business name of CI Investments Inc.