CI Financial reports assets under management

CI Financial reports assets under management

TORONTO (April 1, 2016) – CI Financial Corp. (“CI”) today reported assets under management at March 31, 2016 of $108.9 billion and total assets of $142.9 billion.  Assets under management gained $2.4 billion or 2.3% in the month of March and declined 0.2% year over year. Total assets were up $3.0 billion in March and were down 0.1% year over year. Meanwhile, the S&P/TSX Composite Index was up 5.3% in March and fell 6.6% over the 12-month period. Average assets under management for the quarter were $107.5 billion, a decrease of 1.1% from the average for the fourth quarter of 2015 and a decrease of 0.8% from the average for fiscal year 2015. CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $34.0 billion at March 31, 2016, representing increases of 1.6% in March and 0.2% 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, 2016

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Mar. 31/16(millions)

Feb. 29/16(millions)

%Change

Mar. 31/15 (millions)

%Change

Assets under management

$108,915

$106,486

2.3%

$109,137

-0.2%

Assets under advisement*

33,993

33,462

1.6%

33,939

0.2%

TOTAL

$142,908

$139,948

2.1%

$143,076

-0.1%

MONTHLY AVERAGEASSETS UNDER MANAGEMENT

Mar. 31/16 (millions)

Feb. 29/16  (millions)

% Change

Monthly average

$108,570

$105,842

2.6%

FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT

Ending Mar. 31/16                (millions)

Ending Dec. 31/15                (millions)

% Change

Fiscal quarter average

$107,499

$108,688

-1.1%

FISCAL YEAR AVERAGEASSETS UNDER MANAGEMENT

Ending Mar. 31/16 (millions)

Fiscal 2015(millions)

% Change

Fiscal year average

$107,499

$108,384

-0.8%

EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

273,853,707

Debt outstanding

$616

QTD weighted avg. shares

275,228,783

Net debt outstanding

$500

Current Yield

4.6%

 

 

Potential share dilution from options

184,488

Terminal redemption value of funds

$614

All options % of shares

3.4%

 

 

* 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

5%

United States

34%

Other

4%

Europe

13%

Cash

7%

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:

Stephen A. MacPhail
Chief Executive Officer
CI Financial Corp.
(416) 364-1145