CI Investments Inc. announced the CIBC CI Enhanced Return Notes, Series 1, today.

Based on the Signature Income & Growth Fund, managed by Signature Advisors, the notes promise investors 150 per cent of any positive return of the fund, at the end of its eight-year term, but take only 100 per cent of any negative return. While the enhanced return feature provides investors with the security of a leveraged upside, without a leveraged downside, it also reinvests any distributions into the note structure and can contribute to any tax-deferred growth.

The notes are available until August 9, 2007.