CI Financial reports assets under management

CI Financial reports assets under management

TORONTO (July 5, 2017) – CI Financial Corp. (“CI”) today reported preliminary assets under management at June 30, 2017 of $121.3billion and total assets of $161.7 billion.  

Assets under management grew by $11.7 billion, or 10.7% year over year, and declined 1.6% in the month of June. Total assets gained $16.6 billion or 11.4% for the 12-month period and decreased by 1.5% in the month of June.

CI’s average assets under management for the second quarter were $122.7 billion, versus $119.4 billion for the first quarter of 2017, a gain of $3.3 billion or 2.8%. Average assets under management for the year-to-date were $121.1 billion, a gain of $10.2 billion or 9.2% from the average for fiscal year 2016. 

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $40.4 billion at June 30, 2017, representing an increase of $4.9 billion or 13.8% year over year.

CI is scheduled to release its financial results for the second quarter of 2017 on August 10, 2017, on CNW Group and www.cifinancial.com.

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.

June30, 2017

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

June 30/17

(billions)

May 31/17

(billions)

%

Change

June 30/16(billions)

%

Change

Assets under management $121.3 $123.3 -1.6% $109.6 10.7%

Assets under advisement*

40.4 40.8 -1.0% 35.5 13.8%
TOTAL $161.7 $164.1 -1.5% $145.1 11.4%
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
June 30/17(billions) May 31/17(billions) %Change
Monthly average $123.0 $123.4 -0.3%
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending June 30/17(billions) Ending Mar. 31/17                (billions) %Change
Fiscal quarter average $122.7 $119.4 2.8%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending June 30/17 (billions) Fiscal 2016(billions) %Change
Fiscal year average $121.1 $110.9 9.2%
EQUITY

FINANCIAL POSITION (millions)       

Total outstanding shares

259,404,856

Debt outstanding

$912

QTD weighted avg. shares

261,368,296

Net debt outstanding

$707

Current yield

5.1%

Terminal redemption value of funds

$462

*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