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Press Release

 

CI Financial reports assets under management

TORONTO (November 2, 2015) – CI Financial Corp. (“CI”) today reported assets under management at October 31, 2015 of $108.0 billion and total assets of $142.3 billion.  

Assets under management grew by $6.7 billion or 6.7% year over year and were up $2.7 billion or 2.5% in the month of October. Total assets gained $9.6 billion or 7.3% for the 12-month period and were up $3.7 billion or 2.7% in October. In comparison, the S&P/TSX Composite Index declined 4.6% over the 12-month period and rose 2.0% in the month of October. 

Average assets under management for the quarter-to-date were $107.2 billion, a decrease of 1.2% from the average for the third quarter. Average assets under management for the year-to-date were $108.2 billion, an increase of $9.8 billion or 9.9% over the average for fiscal 2014. 

CI also reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $34.3 billion at October 31, 2015, an increase of 9.2% year over year.

Meanwhile, CI is scheduled to announce its financial results for the third quarter on Thursday, November 5, 2015 on CNW Group and www.cifinancial.com.

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, 2015

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Oct. 31/15

(millions)

Sept. 30/15

(millions)

%

Change

Oct. 31/14 (millions)

%

Change

Assets under management

$107,980

$105,296

2.5%

$101,231

6.7%

Assets under advisement*

34,283

33,249

3.1%

31,402

9.2%

TOTAL

$142,263

$138,545

2.7%

$132,633

7.3%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT Oct. 31/15 (millions) Sept. 30/15 (millions) % Change
Monthly average $107,229 $106,246 0.9%
FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT Ending Oct. 31/15                (millions) Ending Sept. 30/15 (millions) % Change
Fiscal quarter average $107,229 $108,541 -1.2%
FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT Ending Oct. 31/15 (millions) Fiscal 2014(millions) % Change
Fiscal year average $108,174 $98,408 9.9%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

275,924,117

Debt outstanding

$406

QTD weighted avg. shares

276,047,991

Net debt outstanding

$308

Current Yield 4.2%    
Potential share dilution from options 404,889 Terminal redemption value of funds $664
All options % of shares 2.6%    

* Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel.

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

36%

Asia

4%

United States

33%

Other

4%

Europe

14%

Cash

9%

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. CI offers a broad range of investment products and services, 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

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