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Press Release

 

CI FINANCIAL REPORTS ASSETS UNDER MANAGEMENT

TORONTO (May 1, 2017) – CI Financial Corp. (“CI”) today reported preliminary assets under management at April 30, 2017 of $123.1 billion and total assets of $163.6 billion.  

Assets under management grew by $14.8 billion or 13.7% year over year, and increased by $2.4 billion, or2.0% in the month of April. Total assets gained $20.6 billion or 14.4% for the 12-month period and were up $3.2 billion or 2.0% in the month of April.  

CI’s average assets under management for the quarter-to-date were $121.6 billion, versus $119.4 billion for the first quarter of 2017.Average assets under management for the year-to-date were $120.0 billion, a gain of $9.1 billion or 8.2% from the average fiscal year 2016. 

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $40.5 billion at April 30, 2017, representing an increase of $5.8 billion or 16.7% year over year.

CI is scheduled to release its financial results for the first quarter of 2017 on May 11, 2017, on CNW Group and cifinancial.com.

Additional information about CI’s assets and financial position can be found below in the tables of 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, 2017

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Apr. 30/17

(billions)

Mar. 31/17

(billions)

%

Change

Apr. 30/16(billions)

%

Change

Assets under management

$123.1

$120.7

2.0%

$108.3

13.7%

Assets under advisement*

40.5

39.7

2.0%

34.7

16.7%

TOTAL

$163.6

$160.4

2.0%

$143.0

14.4%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Apr. 30/17                (billions) Mar. 31/17                (billions) %Change
Monthly average $121.6 $120.9 0.6%
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Apr. 30/17                (billions) Ending Mar. 31/17                (billions) %Change
Fiscal quarter average $121.6 $119.4 1.8%
FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT Ending Apr. 30/17 (billions) Fiscal 2016(billions) %Change
Fiscal year average $120.0 $110.9 8.2%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

261,848,278 Debt outstanding $868
QTD weighted avg. shares 262,292,214

Net debt outstanding

$659
Current Yield 5.2% Terminal redemption value of funds $481

*Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel.

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. Its primary operating businesses are CI Investments Inc., one of Canada’s largest investment managers, advisory businesses Assante Wealth Management and Stonegate Private Counsel, Grant Samuel Funds Management of Australia, and First Asset Investment Management, a leader in providing actively managed exchange-traded funds to the Canadian marketplace. CI is on the Web at www.cifinancial.com.

For further information:

Investor Relations
CI Financial Corp.
(416) 364-1145

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