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Press Release

 

CI Financial reports assets under management

TORONTO (August 4, 2015) – CI Financial Corp. (“CI”) today reported assets under management at July 31, 2015 of $111.1 billion and total assets of $145.8 billion. Both are month-end records for CI. 

Assets under management grew by $10.6 billion or 10.6% year over year and by $2.2 billion or 2.0% in the month of July. Total assets gained $14.2 billion or 10.8% for the 12-month period and $3.1 billion or 2.1% in July. In comparison, the S&P/TSX Composite Index declined 2.9% over the 12-month period and fell 0.3% in the month of July. 

Average assets under management for the quarter-to-date as of July 31, 2015 were $110.2 billion, an increase of 0.4% over the average for the second quarter. Average assets under management for the year-to-date were $108.4 billion, an increase of $10.0 billion or 10.2% over the average for fiscal 2014. 

CI also reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $34.7 billion at July 31, 2015, an increase of 11.5% year over year.

CI is scheduled to announce its financial results for the second quarter on Thursday, August 6, 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.

July 31, 2015

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

July 31/15

(millions)

June 30/15

(millions)

%

Change

July 31/14 (millions)

%

Change

Assets under management

$111,063

$108,839

2.0%

$100,427

10.6%

Assets under advisement*

34,730

33,897

2.5%

31,137

11.5%

TOTAL

$145,793

$142,736

2.1%

$131,564

10.8%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT

July 31/15 (millions) June 30/15 (millions) % Change
Monthly average $110,160 $109,628 0.5%

FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT

Ending July 31/15 (millions)

Ending June 30/15 (millions)

% Change

Fiscal quarter average

$110,160

$109,750

0.4%

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT

Ending July 31/15 (millions)

Fiscal 2014(millions)

% Change

Fiscal year average $108,443 $98,408 10.2%

EQUITY

FINANCIAL POSITION

(millions)       

Total outstanding shares

278,555,123

Debt outstanding

$368

QTD weighted avg. shares 278,601,161

Net debt outstanding

$264
Current Yield 4.0%    
Potential share dilution from options 589,282 Terminal redemption value of funds $684
All options % of shares 2.7%    

 * Includes CI funds administered by Assante advisors and client assets advised by Stonegate Private Counsel advisors.

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

38% Asia 4%
United States 33% Other 4%

Europe

15% 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

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