NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION

IN THE UNITED STATES OF AMERICA

CI Global Asset Management (“CI GAM”) announces the estimated reinvested distributions (the “Estimated Reinvested Distributions”) for JFT Strategies Fund (the “Fund”), a closed-end fund, for the year ending December 31, 2022.

Please note that these are estimated amounts only as of October 31, 2022 and include certain forward-looking information which may cause the Estimated Reinvested Distributions to change before the Fund’s tax year-end on December 31, 2022. The final distribution amounts will be confirmed and announced shortly after the year-end and prior to payment, once the Fund’s year-end tax position is finalized.

Estimated Reinvested Distributions

The Estimated Reinvested Distributions will be paid on or before January 13, 2023, to holders of record on December 30, 2022. The Estimated Reinvested Distributions will be paid by the issuance of securities of the Fund, and immediately thereafter, the issued and outstanding capital of the Fund will be consolidated such that the number of issued and outstanding securities of the Fund does not change.

The actual taxable amounts of all distributions for 2022, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS”) and will be posted on www.ci.com in early 2023.

Forward-looking Information

This press release contains forward-looking statements with respect to the Estimated Reinvested Distributions for the Fund. By their nature, these forward-looking statements involve certain risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual Reinvested Distributions to differ from the Estimated Reinvested Distributions between now and the Fund’s tax year-end include, without limitation: the actual amounts of distributions received by the Fund; the actual amount of capital gains generated from sales of securities; and subscription and redemption activity in the Fund.

About CI Global Asset Management

CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with approximately $364.3 billion in assets as of October 31, 2022.

This communication is intended for informational purposes only. You will usually pay brokerage fees to your dealer if you purchase or sell securities of the investment fund on the TSX. If the securities are purchased or sold on the TSX, investors may pay more than the current net asset value when buying securities of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning securities of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. The CI investment fund is managed by CI Global Asset Management.

CI Global Asset Management is a registered business name of CI Investments Inc.

©CI Investments Inc. 2022. All rights reserved.

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