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Press Release

 

CI Financial reports record assets under management

TORONTO (March 2, 2015) – CI Financial Corp. (“CI”) today reported assets under management at February 28, 2015 of $109.0 billion, a new high for CI. Total assets, at $140.6 billion, were also at a record level.  

Assets under management grew by $13.9 billion or 14.6% year over year and were up $3.5 billion or 3.3% in the month of February. Total assets gained $17.5 billion or 14.2% for the year and $4.5 billion or 3.3% in February. In comparison, the S&P/TSX Composite Index was up 10.3% for the year and 4.0% in the month of February. 

At $109.0 billion, assets under management at February 28, 2015 were up $7.9 billion or 7.8% from the average assets under management for the fourth quarter of 2014, and were $10.6 billion or 10.7% higher than the average for fiscal 2014. 

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $31.6 billion at February 28, 2015, an increase of 12.9% year over year.

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.

February 28, 2015

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Feb. 28/15

(millions)

Jan. 31/15

(millions)

%

Change

Feb. 28/14 (millions)

%

Change

Assets under management

$108,977

$105,478

3.3%

$95,113

14.6%

Assets under administration*

31,648

30,626

3.3%

28,032

12.9%

TOTAL

$140,625

$136,104

3.3%

$123,145

14.2%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Feb. 28/15 (millions) Jan. 31/15 (millions) % Change
Monthly average $107,529 $103,436 4.0%
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Feb. 28/15 (millions) Ending Dec. 31/14 (millions) % Change
Fiscal quarter average $105,379 $101,120 4.2%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending Feb. 28/15 (millions) Fiscal 2014(millions) % Change
Fiscal year average $105,379 $98,408 7.1%

EQUITY

FINANCIAL POSITION

(millions)       

Total outstanding shares

281,796,736

Debt outstanding

$300

QTD weighted avg. shares 281,749,015

Net debt outstanding

$175
Current Yield 3.6%    
Potential share dilution from options 875,349 Terminal redemption value of funds $715
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 3%

Europe

14% Cash 8%

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

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