CI Mutual Funds Inc. says that all administrative functions for the Synergy Mutual Funds have been successfully integrated into CI’s operations.

Effective November 24, all back-office operations for the Synergy Funds, including the record-keeping for all accounts and the processing of all transactions, are now being handled by CI.

This move also means that CI and Synergy unitholders may now switch among most funds within the two families, significantly enhancing their investment choices. Client service operations for the two companies were merged in October, and can be reached at 1-800-563-5181 or service@cifunds.com.

“Synergy’s operations has been integrated exceptionally quickly and smoothly,” said Peter Anderson, CI president and CEO. “With Synergy’s back-office operations now part of the CI platform, we can reap additional cost efficiencies, which we expect to result in lower operating costs for the funds and their unitholders.”

CI’s parent company, CI Fund Management Inc., acquired Synergy Asset Management Inc. on October 6, 2003. CI is now the portfolio adviser to all funds that were previously advised by Synergy.