CI Financial Income Fund reported Friday that its assets reached record levels for a second consecutive month.

During November, assets under management increased 2.4% or $1.4 billion to $61.6 billion, and fee-earning assets increased 1.9% or $1.5 billion to $79.8 billion.

“Our assets under management have increased by $3.3 billion in the last two months, making it one of the strongest periods of asset growth CI has experienced,” said Stephen MacPhail, president and COO.

CI’s assets under management at Nov. 30, 2006, consisted of investment fund assets at CI Investments Inc. and United Financial Corporation of $60.5 billion and structured products/closed-end funds of $1 billion. CI’s administered/other assets of $18.3 billion included institutional assets at Trilogy Global Advisors, LLC, which generate fees for CI, and $16.6 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.

For November, CI had gross sales of $803 million and net redemptions of $213 million. Approximately $260 million in redemptions resulted from unrelated transactions by four institutional investors, including $129 million in redemptions stemming from rebalancing within a particular institutional program.

“Our retail fund flows continue to be very strong, thanks to the diversity and the strength of our broad-based lineup,” MacPhail noted.

At the 2006 Canadian Investment Awards gala on November 30, CI Investments was the winner of the Analysts’ Choice Fund Company of the Year award.

MacPhail also noted that CI’s monthly distribution will increase to $0.18 per trust unit of CI and exchangeable limited partnership unit of Canadian International LP beginning with the January 15, 2007 payment. The distribution increase was previously announced on November 9, 2006.