CI Financial reports assets under management

CI Financial reports assets under management

TORONTO (December 1, 2016) – CI Financial Corp. (“CI”) today reported assets under management at November 30, 2016 of $117.0 billion and total assets of $154.6 billion.

Assets under management increased by $8.7 billion or 8.0% year over year and by $4.8 billion or 4.3% in the month of November.

Total assets gained $11.7 billion or 8.2% for the 12-month period and were up $5.2 billion or 3.5% in November.

CI’s assets now include the assets under management of Grant Samuel Funds Management (“GSFM”) of Sydney, Australia, a firm in which CI acquired an 80% stake on November 15, 2016.

GSFM is a leading manager and distributor of investment strategies and products in the Australian and New Zealand markets with assets under management in excess of A$6 billion. 

CI’s average assets under management for the quarter-to-date were $113.5 billion, versus $112.3 billion for the third quarter of 2016.

Average assets under management for the year-to-date were $110.3 billion, a gain of $1.9 billion or 1.8% from the average for fiscal year 2015. 

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $37.6 billion at November 30, 2016, representing an increase of $3.0 billion or 8.7% year over year and 1.1% for the month of November. 

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, 2016

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Nov. 30/16(billions) Oct. 31/16 (billions) %Change Nov. 30/15 (billions) %Change
Assets under management $117.0 $112.2 4.3% $108.3 8.0%

Assets under advisement*

37.6 37.2 1.1% 34.6 8.7%
TOTAL $154.6 $149.4 3.5% $142.9 8.2%
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
  Nov. 30/16 (billions)  Oct. 31/16 (billions) %Change
Monthly average $114.9 $112.2 2.4%
FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT Ending Nov. 30/16                (billions) Ending Sept. 30/16                (billions) %Change
Fiscal quarter average $113.5 $112.3 1.1%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending Nov. 30/16 (billions) Fiscal 2015(billions) %Change
Fiscal year average $110.3 $108.4 1.8%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

266,370,442 Debt outstanding $768
QTD weighted avg. shares 266,917,087

Net debt outstanding

$594
Current Yield 5.2%    
Potential share dilution from options 68,896 Terminal redemption value of funds $539
All options % of shares 3.3%    

* 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-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, Grant Samuel Funds Management of Australia, 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:

Investor Relations
CI Financial Corp.
(416) 364-1145

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.