CI Financial reports assets under management

CI Financial reports assets under management

TORONTO (November 3, 2014) – CI Financial Corp. (“CI”) today reported assets under management at October 31, 2014 of $101.2 billion and total assets of $130.6 billion. 

CI’s assets under management grew by $12.8 billion or 14.4% year over year and by $421 million or 0.4% in the month of October. Total assets gained $15.7 billion or 13.7% for the year and 0.4% in October.  

At $101.2 billion, assets under management at October 31, 2014 were slightly higher than the average assets under management for the third quarter, and were $17.9 billion or 21.5% higher than the average for fiscal 2013.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $29.3 billion at October 31, 2014, an increase of 11.2% 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.

October 31, 2014

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Oct. 31/14(millions) Sept. 30/14(millions) %Change Oct. 31/13 (millions) %Change
Assets under management $101,231 $100,810 0.4% $88,468 14.4%

Assets under administration*

29,329 29,201 0.4% 26,379 11.2%
TOTAL $130,560 $130,011 0.4% $114,847 13.7%
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Oct. 31/14 (millions) Sept. 30/14 (millions) % Change
Monthly average $99,100 $101,669 -2.5%
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Oct. 31/14 (millions) Ending Sept. 30/14 (millions) % Change
Fiscal quarter average $99,100 $101,016 -1.9%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending Oct. 31/14 (millions) Fiscal 2013(millions) % Change
Fiscal year average $97,658 $83,325 17.2%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

282,159,592

Debt outstanding

$500

QTD weighted avg. shares

282,426,296

Net debt outstanding

$216

Current Yield 3.7%    
Potential share dilution from options 843,982 Terminal redemption value of funds $738
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 30% Other 4%

Europe

13% Cash 8%

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