CI Financial reports assets under management

CI Financial reports assets under management

TORONTO (March 1, 2017) – CI Financial Corp. (“CI”) today reported preliminary assets under management at February 28, 2017 of $120.2 billion and total assets of $159.5 billion.  

Assets under management grew by $13.9 billion or 13.1% year over year and increased by $2.8 billion or 2.4% in the month of February. Total assets gained $19.7 billion or 14.1% for the 12-month period and were up $3.9 billion or 2.5% in February.  

CI’s average assets under management for the quarter-to-date and year-to-date were $118.7 billion, representing an increase of $3.9 billion or 3.4% over the average assets under management for the fourth quarter of 2016 and an increase of $7.8 billion or 7.0% over the average for fiscal 2016. 

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $39.3 billion at February 28, 2017, representing an increase of $5.8 billion or 17.3% year over year. 

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.

February 28, 2017

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Feb. 28/17

(billions)

Jan. 31/17

 (billions)

%

Change

Feb. 28/16 (billions)

%

Change

Assets under management

$120.2

$117.4

2.4%

$106.3

13.1%

Assets under advisement*

39.3

38.2

2.9%

33.5

17.3%

TOTAL

$159.5

$155.6

2.5%

$139.8

14.1%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Feb. 28/17                (billions) Jan. 31/17                (billions) %Change
Monthly average $119.2 $118.1 0.9%
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Feb. 28/17                (billions) Ending Dec. 31/16                (billions) %Change
Fiscal quarter average $118.7 $114.8 3.4%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending Feb. 28/17 (billions) Fiscal 2016(billions) %Change
Fiscal year average $118.7 $110.9 7.0%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

264,695,069

Debt outstanding

$844

QTD weighted avg. shares

264,932,178

Net debt outstanding

$672

Current yield

5.1%

 

 

 

 

Terminal redemption value of funds

$503

* 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