CI Financial reports record assets under management

CI Financial reports record assets under management

TORONTO (February 3, 2014) – CI Financial Corp. (“CI”) today reported assets under management of $91.8 billion as of January 31, 2014, a new month-end record for the company.

CI’s assets under management grew by $13.7 billion or 17.5% for the year ending January 31, 2014 and were up $715 million or 0.8% for the month of January. Total assets were $119.0 billion at January 31, representing growth of $17.3 billion or 17.0% year over year and $938 million or 0.8% in January. In comparison, the S&P/TSX Composite Total Return Index gained 11.4% over the year and 0.8% in January.

CI’s assets under management as of January 31, 2014 were up $3.2 billion or 3.7% from the average assets under management for the quarter ended December 31, 2013, and up $8.5 billion or 10.2% over the average for fiscal 2013.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $27.2 billion at January 31, 2014, an increase of 15.2% year over year.

CI is scheduled to release is financial results for the fourth quarter of 2013 on Thursday, February 13, 2014 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.

January 31, 2014

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Jan. 31/14(millions) Dec. 31/13(millions) %Change Jan. 31/13 (millions) %Change

Assets under management

$91,805

$91,090

0.8%

$78,100

17.5%

Assets under administration*

27,183

26,960

0.8%

23,596

15.2%

TOTAL

$118,988

$118,050

0.8%

$101,696

17.0%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Jan. 31/14 (millions) Dec. 31/13 (millions) % Change
Monthly average $91,752 $89,674 2.3%
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Jan. 31/14 (millions) Ending Dec. 31/13 (millions) % Change
Fiscal quarter average $91,752 $88,558 3.6%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending Jan. 31/14 (millions) Fiscal 2013(millions) % Change
Fiscal year average $91,752 $83,325 10.1%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

284,680,002 Debt outstanding $500

QTD weighted avg. shares

284,535,215

Net debt outstanding

$321

Current Yield

3.3%

 

 

Potential share dilution from options

1,138,362

Terminal redemption value of funds

$753

All options % of shares

1.3%

 

 

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

44%

Asia

4%

United States

27%

Other

5%

Europe

14%

Cash

6%

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