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## CONSOLIDATED STATEMENTS OF FINANCIAL POSITION DATA AS AT DECEMBER 31* (unaudited) 

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*Some comparative fi gures have been reclassed to conform to the presentation in the current year. 

## RELATED PARTY TRANSACTIONS 

The Bank of Nova Scotia (“Scotiabank”) owns approximately 37% of the common shares of CI, and is therefore considered a related party. CI has entered into transactions related to the advisory and distribution of its mutual funds with Scotiabank. These transactions are in the normal course of operations and are recorded at the agreed upon exchange amounts. During the three and 12 months ended December 31, 2012, CI incurred charges for deferred sales commissions of $1.0 million and $4.9 million, respectively [three and 12 months ended December 31, 2011 – $1.0 million and $4.9 million, respectively] and trailer fees of $5.1 million and $20.3 million, respectively [three and 12 months ended December 31, 2011 – $5.0 million and $20.0 million, respectively] which were paid or payable to Scotiabank. The balance payable to Scotiabank as at December 31, 2012 of $1.7 million [December 31, 2011 – $1.7 million] is included in accounts payable and accrued liabilities. 

## SHARE CAPITAL 

As at December 31, 2012, CI had 282,914,642 shares outstanding. 

At December 31, 2012, 6.4 million options to purchase shares were outstanding, of which 2.4 million options were exercisable. 

## CONTRACTUAL OBLIGATIONS 

The table that follows summarizes CI’s contractual obligations at December 31, 2012. 

## PAYMENTS DUE BY YEAR 

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