TSX Symbol: HYB.UN

TORONTO, June 12, 2017 /CNW/ - CI Investments Inc. (the "Manager"), the manager of DDJ High Yield Fund (the "Fund") (TSX: HYB.UN), announces that, as contemplated by the Fund's declaration of trust, the Fund is scheduled to terminate on August 15, 2017 (the "Termination Date").

Unitholders will not be required to take any action in connection with the termination of the Fund. In connection with the termination:

• the Manager will request the Toronto Stock Exchange (the "TSX") to de-list the units from the TSX as at the close of business on August 14, 2017;
• the Manager will distribute the assets of the Fund for an amount equal to a pro-rata share of the net assets of the Fund remaining after payment or accrual of all debts, expenses and liabilities and liquidation expenses of the Fund;
• the Fund will pay a final quarterly distribution for the period ending June 30, 2017 of $0.20 per unit payable on July 14, 2017 to unit holders of record as at June 30, 2017; and
• payment of the termination proceeds will be made on or about August 18, 2017 to the beneficial holders of such units through CDS Clearing and Depository Services Inc.

If the Manager determines or is advised by the investment sub-advisor that it will not be possible to convert all of the Fund's property into cash before the Fund's scheduled termination, the Manager may, in its discretion, extend the Termination Date by a maximum of three months if all of the Fund's assets have not been converted to cash.

About CI Investments – Canada's Investment Company
CI Investments 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 is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with $164.0 billion in assets as of May 31, 2017.

This press release may contain forward-looking statements about a CI fund, future performance, strategies or prospects, and possible future fund action. These statements reflect the managers' current beliefs and are based on information currently available to them. Forward-looking statements are not guarantees of future performance. We caution you not to place undue reliance on these statements as a number of factors could cause actual events or results to differ materially from those expressed in any forward-looking statement, including economic, political and market changes and other developments.

SOURCE CI Financial Corp.

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