CI Financial reports assets under management

CI Financial reports assets under management

TORONTO (June 1, 2015) – CI Financial Corp. (“CI”) today reported assets under management at May 31, 2015 of $110.5 billion and total assets of $142.5 billion, with both representing month-end records for CI.  

Assets under management grew by $12.3 billion or 12.5% year over year and were up $1.5 billion or 1.4% in the month of May. Total assets gained $15.6 billion or 12.3% for the year and were up 1.4% in May. In comparison, the S&P/TSX Composite Index was up 5.8% for the 12-month period and down 1.2% in the month of May. 

Assets under management of $110.5 billion as of May 31, 2015 represented an increase of $4.0 billion or 3.8% over average assets under management for the first quarter and an increase of $12.1 billion or 12.3% over the average for fiscal 2014. 

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $31.9 billion at May 31, 2015, an increase of 11.7% year over year.

In other matters, CI will hold its Annual Meeting of Shareholders on June 10, 2015 at 3:30 p.m. Eastern time at 15 York Street, 2nd Floor, Toronto.

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.

May 31, 2015

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

May 31/15

(millions)

Apr. 30/15

(millions)

%

Change

May 31/14 (millions)

%

Change

Assets under management

$110,526

$109,009

1.4%

$98,236

12.5%

Assets under administration*

31,942

31,442

1.6%

28,606

11.7%

TOTAL

$142,468

$140,451

1.4%

$126,842

12.3%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
May 31/15 (millions) Apr. 30/15 (millions) % Change
Monthly average $109,749 $109,874 -0.1%
FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT Ending May 31/15 (millions) Ending Mar. 31/15 (millions) % Change
Fiscal quarter average $109,810 $106,531 3.1%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending May 31/15 (millions) Fiscal 2014(millions) % Change
Fiscal year average $107,856 $98,408 9.6%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

279,140,178

Debt outstanding

$352

QTD weighted avg. shares

280,403,858

Net debt outstanding

$228

Current Yield 3.8%    
Potential share dilution from options 780,477 Terminal redemption value of funds $696
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