12:10 PM EST - CI Financial Income Fund : reported a 2 percent drop in first-quarter profit on Tuesday as a result of declines in equity markets during the period. Canada's third-largest mutual fund company posted earnings of $139.4 million, or 50 cents a unit, for the three months ended March 31. That compares with a profit of $142.1 million, or 51 cents a unit, in the same period a year earlier. CI Financial Income Fund
units T.CIX.UN are trading off 3 cents at $23.20.
