CI Investments Inc., the manager of CIX Split Corp. today announced that CIX Split has closed the exercise of the over-allotment option granted to the agents of the its recently completed initial public offering, by issuing 160,000 priority equity shares at a price of $10 each and 160,000 class A shares at a price of $15 each, for total gross proceeds of $4 million.

The priority equity shares trade on the Toronto Stock Exchange under the symbol CXC.PR.A and the class A shares under CXC.

CIBC World Markets Inc. and Blackmont Capital Inc. were the lead agents for the offering, along with a syndicate of other investment dealers.

Meanwhile, the CIX Split also announced today an initial distribution for the month ending July 31, 2007 of $0.04167 per priority equity share and $0.0875 per class A share payable on July 31, 2007 to unitholders of record as at July 13, 2007.

The investment objectives for the priority equity shares are to provide shareholders with tax-efficient fixed cumulative preferential monthly cash distributions in the amount of $0.04167 per share to yield approximately 5% per annum on the original issue price and on or about January 31, 2011 to pay to the holders of priority equity shares the original issue price of the shares.

The investment objectives for the class A shares are to provide holders of class A shares with regular tax-efficient monthly cash distributions targeted to be $0.0875 per class A share to yield 7% per annum on the original issue price and on or about January 31, 2011 to pay to the holders of class A shares at least the original issue price of the shares.