CI Financial Income Fund reported today that it had assets under management of $63.7 billion and total fee-earning assets of $82.9 billion at January 31, 2007, the fourth consecutive month of record asset levels for the company. During January, CI posted gross sales of $1 billion and net sales of $195 million.

“Gross sales of over $1 billion speak to the breadth of our distribution and the excellent performance across our fund lineup,” said Stephen MacPhail, president and COO. “With our January net sales up 50% from January 2006, we feel CI is well positioned for the rest of this RSP season.”

MacPhail also noted that, “Our January results continue the momentum of last year, when CI posted $2.2 billion in net sales of mutual and segregated funds and was ranked number one among the non-bank fund companies and number three overall.”

CI Investments Inc. had gross sales of $912 million and net sales of $196 million in January, comprised of $177 million in net sales of long-term funds and $19 million of money market funds. United Financial Corp. had gross sales of $106 million and net redemptions of $1 million.

CI’s assets under management at January 31, 2007 consisted of investment fund assets at CI Investments and United Financial of $62.8 billion and structured products/closed-end funds of $931 million. CI’s administered/other assets of $19.1 billion included institutional assets at Trilogy Global Advisors, LLC, which generate fees for CI, and $17.4 billion in assets under administration at Assante Wealth Management (Canada) Ltd. and IQON Financial Management Inc. (net of assets under management at United Financial), which generate fees for those companies.

CI will be releasing its audited financial results for the fiscal period ending Dec. 31, 2006 on Feb. 13, 2007.