CI Financial reports assets under management

CI Financial reports assets under management

TORONTO (July 4, 2016) – CI Financial Corp. (“CI”) today reported assets under management at June 30, 2016 of $109.6 billion and total assets of $145.0 billion.

Assets under management increased by 0.7% year over year and were down 0.9% in the month of June.

Total assets gained $2.3 billion or 1.6% over the 12-month period and declined 0.8% in June.

Meanwhile, the S&P/TSX Composite Index declined 0.2% year over year and was up 0.3% in the month of June.

Average assets under management for the second quarter were $109.0 billion, representing an increase of $1.7 billion or 1.6% from the average for the first quarter of 2016.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $35.4 billion at June 30, 2016, an increase of $1.5 billion or 4.5% 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.

June 30, 2016

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

June 30/16

(millions)

May 31/16

 (millions)

%

Change

June 30/15 (millions)

%

Change

Assets under management $109,594 $110,560 -0.9% $108,839 0.7%
Assets under advisement* 35,433 35,590 -0.4% 33,897 4.5%
TOTAL $145,027 $146,150 -0.8% $142,736 1.6%
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
June 30/16 (millions) May 31/16 (millions) %Change
Monthly average $109,313 $109,042 0.2%
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending June 30/16                (millions) Ending Mar. 31/16                (millions) %Change
Fiscal quarter average $108,994 $107,321 1.6%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending June 30/16 (millions) Fiscal 2015(millions) %Change
Fiscal year average $108,157 $108,384 -0.2%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares 271,181,255 Debt outstanding $626
QTD weighted avg. shares 272,729,344 Net debt outstanding $518
Current Yield 5.1%    
Potential share dilution from options 78,416 Terminal redemption value of funds $585
All options % of shares 3.3%    

* Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel.

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada 37% Asia 4%
United States 33% Other 4%
Europe 13% Cash 9%

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, and First Asset Capital Corp., 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