CI Financial reports assets under management

CI Financial reports assets under management

TORONTO (February 3, 2015) – CI Financial Corp. (“CI”) today reported assets under management at January 31, 2015 of $105.5 billion, and total assets of $135.9 billion. Both represent month-end records for CI.

Assets under management grew by $13.7 billion or 14.9% year over year and were up $2.6 billion or 2.5% in the month of January. Total assets gained $16.9 billion or 14.2% for the year and $3.3 billion or 2.5% in January. In comparison, the S&P/TSX Composite Index was up 10.3% for the year and 0.5% in the month of January. 

At $105.5 billion, assets under management at January 31, 2015 were up $4.4 billion or 4.3% from the average assets under management for the fourth quarter of 2014, and were $7.1 billion or 7.2% higher than the average for fiscal 2014. 

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $30.4 billion at January 31, 2015, an increase of 11.9% year over year.

CI is scheduled to release its financial results for the quarter and year ending December 31, 2014 on Thursday, February 12, 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.

January 31, 2015

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Jan. 31/15

(millions)

Dec. 31/14

(millions)

%

Change

Jan. 31/14 (millions)

%

Change

Assets under management

$105,478

$102,886

2.5%

$91,805

14.9%

Assets under administration*

30,438

29,695

2.5%

27,195

11.9%

TOTAL

$135,916

$132,581

2.5%

$119,000

14.2%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT

Jan. 31/15 (millions)

Dec. 31/14 (millions)

% Change

Monthly average

$103,436

$102,055

1.4%

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Jan. 31/15 (millions) Ending Dec. 31/14 (millions) % Change
Fiscal quarter average $103,436 $101,120 2.3%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending Jan. 31/15 (millions) Fiscal 2014(millions) % Change
Fiscal year average $103,436 $98,408 5.1%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

281,725,681 Debt outstanding $300
QTD weighted avg. shares 281,722,538

Net debt outstanding

$134
Current Yield 3.9%    
Potential share dilution from options 739,345 Terminal redemption value of funds $723
All options % of shares 1.9%    

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

39% Asia 4%
United States 31% Other 4%

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