CI Financial’s assets under management reach new record

CI Financial’s assets under management reach new record

TORONTO (December 1, 2014) – CI Financial Corp. (“CI”) today reported assets under management at November 30, 2014 of $103.2 billion and total assets of $133.0 billion. Both represent new highs for CI. 

CI’s assets under management grew by $13.5 billion or 15.1% year over year and by $1.9 billion or 1.9% in the month of November. Total assets gained $16.6 billion or 14.3% for the year and $2.5 billion or 1.9% in November.  

At $103.2 billion, assets under management at November 30, 2014 were up $2.1 billion or 2.1% from the average assets under management for the third quarter of 2014, and were $19.8 billion or 23.8% higher than the average for fiscal 2013. 

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $29.8 billion at November 30, 2014, an increase of 11.7% 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.

November 30, 2014

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Nov. 30/14

(millions)

Oct. 31/14

(millions)

%

Change

Nov. 30/13 (millions)

%

Change

Assets under management

$103,152

$101,231

1.9%

$89,655

15.1%

Assets under administration*

29,847

29,305

1.8%

26,712

11.7%

TOTAL

$132,999

$130,536

1.9%

$116,367

14.3%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Nov. 30/14 (millions) Oct. 31/14 (millions) % Change
Monthly average $102,241 $99,100 3.2%
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Nov. 30/14 (millions) Ending Sept. 30/14 (millions) % Change
Fiscal quarter average $100,645 $101,016 -0.4%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending Nov. 30/14 (millions) Fiscal 2013(millions) % Change
Fiscal year average $98,070 $83,325 17.7%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

281,771,768 Debt outstanding $500
QTD weighted avg. shares 282,235,653

Net debt outstanding

$188
Current Yield 3.7%    
Potential share dilution from options 921,980 Terminal redemption value of funds $733
All options % of shares 2.0%    

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

41% Asia 4%
United States 31% Other 4%

Europe

14% Cash 6%

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