Signature Global Road Map Joe D’Angelo Vice President, Portfolio Management

1. Signature Global Road Map Joe D’Angelo Vice President, Portfolio Management Industrials & Transportation Sector March 2014

2. Signature’s integrated market concept “Markets are interconnected. A successful investment approach should be equally integrated and connected – encompassing rates, credit, equity, commodities, property and foreign exchange within a coordinated global view.” Eric Bushell Chief Investment Officer Signature Global Advisors

3. Signature Overview Facts Founded in 1990 and located in Toronto Investment team of 35 members – one of the largest in Canada Growth at a reasonable price investment style (GARP), manage diversified portfolios made up of large capsecurities $44 billion assets under management1 – a sufficient amount to compete in terms of talent, research and trading 1 As of June 30th 2013 * Cash and cash equivalents: commercial paper, floating rate securities, bonds (money market) and government securities (money market)

4. Deep, specialized investment team CHIEF INVESTMENT OFFICER ERIC BUSHELL, CFA (18) GLOBAL INVESTMENT STRATEGISTS Drummond Brodeur, CFA (22) Eric Bushell, CFA (18) Matthew Strauss, CFA (17) GLOBAL SECTOR/ ASSET CLASS SPECIALISTS Tech, Media, Telecom Industrials, Transport High Yield Investment Grade Joe D'Angelo, CFA (14) Janice Wong, CFA, CPA (11) Malcolm White, CFA (16) Geof Marshall, CFA (15) John Shaw, CFA (21) Jeremy Yeung, CFA (10) Kevin McSweeney, CFA (11) Leanne Ongaro, CFA (4) Brad Benson, M.A. (13) Jonathan Chew (1) Financials Income Trusts/REITS Carlton Ling, CFA (8) Derek Tucker, CFA (11) John Hadwen, CFA (18) Ryan Fitzgerald, CFA (7) Darren Arrowsmith, CFA (12) Shelly Ghai, M.B.A. (7) Hoa Hong, CFA (10) Goshen Benzaquen (10) Joshua Varghese (1) Aero, Auto, Defence, Utilities Consumer Rates and Foreign Exchange Preferreds Massimo Bonansinga, M.B.A. (21) Stephane Champagne (16) Eric Bushell, CFA (18) John Shaw, CFA (21) Gorlen Zhou (2) Henry Kwok (11) Matthew Strauss, CFA (17) Energy & Materials Healthcare Scott Vali, CFA (15) Jeff Elliott, PhD (10) Sara Shahram, CFA (9) TRADING PROFESSIONALS Shawna McIntee (7) Aldo Sunseri (26) Connie Lee (10)

5. Signature’s Global Road Map: Peering into 2014 • Economy • Synchronized global recovery taking shape, but growth will remain below historical averages. • Rates • With inflation relatively contained, low rate environment should persist. Rates expected to modestly drift higher this year. • Currency • US $ strength to persist • Risks • Currencies, Liquidity, Inflation? - Deflation?…

6. Economic Outlook - Expecting Better Growth Globally • US – Strong 2014 expected. • Weather impacted first quarter growth, but 2Q expected to show strong rebound. • Europe – last year was difficult, particularly in first half. • However, growth prospects have improved for this year. • Emerging Markets – have suffered the most when the US rate environment changed last year. • Expect government policy to become more pro-growth this year. • Although debt problems at governments around the world persist, banking systems have improved which helps to reduce volatility.

7. Signature’s Global Road Map Investment Conclusions Major Investment Implications: Less Bonds More Equity Less Canada More Global Signature Can Help

8. Interest Rates and Stock Market Valuations Source: Bloomberg

9. Themes Within Industrials • Construction markets in US and Europe expected to show strong growth this year. • Note weather hurt growth last year. • Companies feel better about economic outlook • Will drive increase in capital expenditures, launch new products etc. • Looking to make more acquisitions • Productivity improvements ongoing • Share buybacks and dividends used more to deploy free cash. • Automation, energy efficiency, & productivity related products continue to be in strong demand • Recurring revenue model increasing desired since it helps limit earnings volatility during economic downturns.

10. Signature positioning • Cash & gold • Cautionary holdings; overweight • Government bonds • Negative real returns; underweight • Investment-grade bonds • Specific opportunities; about even • High-yield bonds • Still finding value; overweight • Equities • Strong, less economically sensitive, quality; mild underweight

11. Signature global fund codes

12. Signature Global Dividend Fund Geographic Allocation Sector Allocation Portfolio allocations, as at January 31, 2014

13. Signature Diversified Yield II Fund Geographic Allocation Sector Allocation Portfolio allocations, as at January 31, 2014

14. Signature Global Income & Growth Fund Geographic Allocation Sector Allocation Portfolio allocations, as at January 31, 2014

15. CI Global Fund Geographic Allocation Sector Allocation Source: Globefund Portfolio allocations, as at January 31, 2014

16. Signature International Fund Geographic Allocation Sector Allocation Portfolio allocations, as at January 31, 2014

17. Signature Emerging Markets Fund Geographic Allocation Sector Allocation Source: Globefund Portfolio allocations, as at January 31, 2014

18. Thank you All charts and illustrations in this guide are for illustrative purposes only. They are not intended to predict or project investment results. ®CI Investments and the CI Investments design are registered trademarks of CI Investments Inc. Signature Global Asset Management and the Signature Global Asset Management design are trademarks of CI Investments Inc.Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise indicated and except for returns for periods less than one year, the indicated rates of return are the historical annual compounded total returns including changes in security value. All performance data assume reinvestment of all distributions or dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.