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Press Release

 

CI Financial reports assets under management for March 2019

TORONTO (April 1, 2019) - CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary assets under management at March 31, 2019 of $131.2 billion and total assets of $176.3 billion.

Assets under management increased by 0.8% in the month of March. CI's average assets under management for the first quarter of 2019 were $128.9 billion, versus $129.3 billion for the fourth quarter of 2018.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $45.1 billion at March 31, 2019, representing an increase of 1.3% in the month of March and a 5.6% increase year over year.

Further information about CI’s assets and financial position can be found below in the tables of statistics and on its website, www.cifinancial.com. These are the only statistics authorized by CI, and CI takes no responsibility for reporting by any external sources.

CI FINANCIAL CORP.
March 31, 2019
PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

March 31/19 (billions)

Feb. 28/19 (billions)

%
Change

March 31/18
(billions)

%
Change

Assets under management

$131.2

$130.1

0.8%

$139.2

-5.7%

Assets under advisement1

45.1

44.5

1.3%

42.7

5.6%

TOTAL

$176.3

$174.6

1.0%

$181.9

-3.1%

 

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT

March 31/19
(billions)

Feb. 28/19
(billions)

%
Change

Monthly average

$131.2

$129.2

1.5%

 

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT

Ending Mar. 31/19
(billions)

Ending Dec. 31/18
(billions)

%
Change

Fiscal quarter average

$128.9

$129.3

-0.3%

 

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT

Fiscal 2019
(billions)

Fiscal 2018
(billions)

%
Change

Fiscal year average

$128.9

$137.2

-6.0%

 

EQUITY
(millions)

FINANCIAL POSITION
(millions)  

Total outstanding shares (TSX)

241.5

Debt outstanding

$1,533

QTD weighted avg. shares

241.9

Net debt outstanding

$1,290

Current Yield

4.0%

Terminal redemption value of funds

$321

1 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 company offering global asset management and wealth management advisory services. Its primary operating businesses are CI Investments Inc., Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, Grant Samuel Funds Management Pty Ltd. of Australia, First Asset Investment Management Inc., and BBS Securities Inc. Further information is available at www.cifinancial.com.

For further information:
Investor Relations
CI Financial Corp.
(416) 364-1145

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