RBC CI Multi-Callable Deposit Notes

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RBC CI Multi-Callable Deposit Notes Series
1 Available from November 14 to December 23,
2005 For Advisors Only
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Agenda

• A New Channel A New Partner
• A New Structure for CI Deposit Notes

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RBC CI Multi-Callable Deposit Notes, Series 1
Highlights

• Full upside if held to maturity or 7.0 minimum
  return if called during one of four Call Periods
• Linked to portfolio of four top CI funds managed
  by Signature Advisors
• 100 Principal-protected notes if held to
  maturity of 6.5-year term
• Tax-effective structure with potential capital
  gains treatment
• 4.0 up-front commission, with 3-year declining
  early trading charge
• Eligible for all registered plans

Simple annual rate of return
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RBC CI Multi-Callable Deposit Notes, Series 1
Structure
50 Return on Asset
4 Selling Commission
20 Option Package
For illustration only. Assumes that the Notes are
not called and return at maturity 50
100 Strip Bond
76 Strip Bond
Today 100
Maturity 150
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A closer look at the structure
RBC has the one-time right to call the Notes on
the following schedule Call Period
Call Level
July 4, 2006 January 4, 2007
107.00
October 4, 2007 April 4, 2008
115.75 October 4, 2008
April 4, 2009 122.75
October 4, 2009 April 4, 2010
129.75 Equivalent to a 7.0 simple
minimum annual return.
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Scenario 1 The Notes are Called
For illustrative purposes only.
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Scenario 2 The Principal is Returned at Maturity
For illustrative purposes only.
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Scenario 3 The Notes Offer Full Upside at
Maturity
For illustrative purposes only.
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Portfolio of funds
No rebalancing means investors get the full
benefit of each funds growth.
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Signatures Full Capital Structure Analysis
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Strong Historical Performance
For illustrative purposes only. For 6.5-year
periods starting December 31, 1996 to September
30, 2005. Past performance of the Fund Portfolio
is not an indication of its future performance.
This information is not intended to be, nor
should it be construed to be, an indication as to
future returns or volatility of the Fund
Portfolio or to the potential return, if any on
the Notes. The historical performance of a
blended index of 75 Scotia Capital Universe All
Corporate Bond Index and 25 Merrill Lynch Global
High Yield Canadian Issuers Index was used as a
proxy for the Signature Corporate Bond Fund from
January 1998 through December 2001. The
historical performance of the Scotia Capital
Universe All Corporate Bond Index was used as a
proxy for the fund from January through December
1997. The SP/TSX Total Return Index was used as
a proxy for the Signature Select Canadian Fund
from January 1997 through May 1998.
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Portfolio has outperformed the SP/TSX since
December 1996 ...
Past performance of the Fund Portfolio is not an
indication of its future performance. This
information is not intended to be, nor should it
be construed to be, an indication as to future
returns or volatility of the Fund Portfolio or to
the potential return, if any on the Notes.
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... with less volatility
Past performance of the Fund Portfolio is not an
indication of its future performance. This
information is not intended to be, nor should it
be construed to be, an indication as to future
returns or volatility of the Fund Portfolio or to
the potential return, if any on the Notes.
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Portfolio has continued to perform during
interest rate shifts
Past performance of the Fund Portfolio is not an
indication of its future performance. This
information is not intended to be, nor should it
be construed to be, an indication as to future
returns or volatility of the Fund Portfolio or to
the potential return, if any on the Notes.
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Additional features

• Liquidity
• Secondary market provided by RBC Dominion
  Securities
• Notes can be sold from the issuance date
• Early Trading Charge
• Starts at 4.50
• Declines quarterly to 0.00 at the third
  anniversary
• Advisor Compensation
• 4.00 commission paid up-front

See Information Statement for complete details.
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Additional features (cont)

• Registered account accessibility
• 100 qualified for RRSPs, RRIFs, RESPs, DPSPs
• If bought through FundSERV, in-name registered
  accounts (generally less than 5 of sales) must
  be self-directed
• 2.95 Note MER same as previous Callable Notes
  despite
• interest rate differential
• higher market volatility

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Potential Buyers

• RBC CI Multi-Callable Notes are ideal for
  investors looking for alternatives to low-paying
  GICs or volatile income trust structures.
• Conservative investors
• Currently holding high levels of cash
• Hurt in the past and hesitant to re-enter the
  equity markets
• Medium to long term, risk-sensitive investors
• Fixed Income Investors
• Buyers of traditional fixed rate GICs
• Hurt by low interest rates (risk of not reaching
  your investment objectives)
• Sensitive to taxation

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Settlement of orders

• All FundSERV orders settle T3.
• 1.75 interest, in the form of additional Notes
  will be paid on FundSERV proceeds received in
  advance of the issuance of the Notes.

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RBC CI Multi-Callable Deposit Notes, Series 1
Summary

• Full return of capital if held to maturity or if
  called
• Full participation in the underlying Fund
  Portfolio of CI mutual funds at maturity if not
  called
• Attractive 7.0 simple minimum annual return if
  called
• 2.95 MER
• Secondary market liquidity - provided by RBC
  Dominion Securities
• Favorable tax treatment if sold prior to maturity

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Summary (cont)

• Term 6.5 years (matures on July 9, 2012)
• Issue Price 100 per note
• Minimum Initial Purchase 1,000
• Call Period
  Call Level
• July 4, 2006 January 4, 2007
  107.00
• October 4, 2007 April 4, 2008
  115.75
• October 4, 2008 April 4, 2009
  122.75
• October 4, 2009 April 4, 2010
  129.75
• FundSERV Code RBC 500

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Advisor Sales Support

• Financial Advisors
• Greensheet
• Powerpoint
• Advisor Flyer additional marketing materials
• Frequently Asked Questions document
• Conference calls, playbacks and CI Hotline
• Investors
• Client flyer
• Information statement

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• Details regarding the calculation and payment of
  interest, repayment of principal and certain risk
  factors are contained in the Information
  Statement dated November 14, 2005 relating to RBC
  CI Multi-Callable Deposit Notes, Series 1, which
  is available from your CI Investments wholesaler
  or at the Whats New section at
  www.ci.com/depositnotes. The indicated rates of
  return of the funds are the historical annual
  compounded total returns, including changes in
  unit value and reinvestment of all distributions
  and do not take into account sales, redemption,
  distribution or optional charges or income taxes
  payable by any unitholder that would have reduced
  returns. Mutual funds are not guaranteed, their
  values change frequently and past performance may
  not be repeated. CI Investments, Signature
  Advisors and CI Investments design are trademarks
  of CI Investments Inc. The Notes are not insured
  deposits under the Canada Deposit Insurance
  Corporation Act (Canada).
• This is intended for information purposes only
  and is not, and under no circumstances is to be
  construed as, an offering of the Notes described
  herein, or as investment advice. This
  presentation is intended to be read in
  conjunction with the Information Statement. The
  Notes described in the Information Statement are
  being offered in Canada only to those
  jurisdictions and to those persons where and to
  whom they may lawfully be offered for sale, and
  therein only by persons permitted to sell such
  Notes. No securities commission or similar
  authority in Canada has reviewed or in any way
  passed upon this presentation or the Information
  Statement or the merits of the Notes described
  herein or therein, and any representation to the
  contrary is an offence.