CI Financial reports assets under management

CI Financial reports assets under management

 TORONTO (May 1, 2015) – CI Financial Corp. (“CI”) today reported assets under management at April 30, 2015 of $109.0 billion and total assets of $140.4 billion.  

Assets under management grew by $11.7 billion or 12.0% year over year and were down slightly in the month of April. Total assets gained $14.7 billion or 11.7% for the year and were down 0.2% in April. In comparison, the S&P/TSX Composite Index was up 6.9% for the year and up 2.4% in the month of April. 

Assets under management of $109.0 billion as of April 30, 2015 represented an increase of $2.5 billion or 2.3% over average assets under management for the first quarter and an increase of $10.6 billion or 10.8% over the average for fiscal 2014. 

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $31.4 billion at April 30, 2015, an increase of 10.7% year over year.

CI is scheduled to release is financial results for the first quarter on Thursday, May 7, 2015 on CNW Group and www.cifinancial.com.

Additional information about CI’s assets and financial position can be found below in the tables of preliminary statistics and on its website, www.cifinancial.com, in the Statistics section. These are the only statistics authorized by CI and CI takes no responsibility for reporting by any external sources.

CI FINANCIAL CORP.

April 30, 2015

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Apr. 30/15

(millions)

Mar. 31/15

(millions)

%

Change

Apr. 30/14 (millions)

%

Change

Assets under management $109,009 $109,137 -0.1% $97,346 12.0%

Assets under administration*

31,419 31,595 -0.6% 28,371 10.7%
TOTAL $140,428 $140,732 -0.2% $125,717 11.7%
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Apr. 30/15 (millions) Mar. 31/15 (millions) % Change
Monthly average $109,874 $108,723 1.1%
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Apr. 30/15 (millions) Ending Mar. 31/15 (millions) % Change
Fiscal quarter average $109,874 $106,531 3.1%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending Apr. 30/15 (millions) Fiscal 2014(millions) % Change
Fiscal year average $107,366 $98,408 9.1%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

280,587,429 Debt outstanding $326
QTD weighted avg. shares 280,588,762

Net debt outstanding

$207
Current Yield 3.6%    
Potential share dilution from options 884,468 Terminal redemption value of funds $702
All options % of shares 2.7%    

 * Includes CI and United Financial funds administered by Assante advisors.

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

38% Asia 4%
United States 33% Other 4%

Europe

14% Cash 7%

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.cifinancial.com.

For further information:

Stephen A. MacPhail
President and Chief Executive Officer
CI Financial Corp.
(416) 364-1145