CI Financial reports assets under management

CI Financial reports assets under management

TORONTO (April 1, 2015) – CI Financial Corp. (“CI”) today reported assets under management at March 31, 2015 of $109.1 billion and total assets of $140.7 billion. Both represented month-end records for CI.

Assets under management grew by $12.7 billion or 13.2% year over year and were up 0.1% in the month of March. Total assets gained $16.0 billion or 12.8% for the year and were up slightly in March. In comparison, the S&P/TSX Composite Index was up 6.9% for the year and down 1.9% in the month of March. 

Average assets under management for the first quarter were $106.5 billion, an increase of $5.4 billion or 5.4% from the average for the fourth quarter of 2014 and an increase of $8.1 billion or 8.3% from the average for fiscal 2014. 

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $31.5 billion at March 31, 2015, an increase of 11.8% 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.

March 31, 2015

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Mar. 31/15

(millions)

Feb. 28/15

(millions)

%

Change

Mar. 31/14 (millions)

%

Change

Assets under management $109,137 $108,977 0.1% $96,445 13.2%

Assets under administration*

31,526 31,618 -0.3% 28,205 11.8%
TOTAL $140,663 $140,595 0.0% $124,650 12.8%
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Mar. 31/15 (millions) Feb. 28/15 (millions) % Change
Monthly average $108,723 $107,529 1.1%
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Mar. 31/15 (millions) Ending Dec. 31/14 (millions) % Change
Fiscal quarter average $106,531 $101,120 5.4%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending Mar. 31/15 (millions) Fiscal 2014(millions) % Change
Fiscal year average $106,531 $98,408 8.3%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

280,597,610 Debt outstanding $312
QTD weighted avg. shares 281,740,107

Net debt outstanding

$208
Current Yield 3.6%    
Potential share dilution from options 877,753 Terminal redemption value of funds $708
All options % of shares 2.7%    

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

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

Europe

14% Cash 7%

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