CI Financial reports assets under management

CI Financial reports assets under management

TORONTO (October 1, 2015) – CI Financial Corp. (“CI”) today reported assets under management at September 30, 2015 of $105.3 billion and total assets of $138.5 billion.

Assets under management grew by $4.5 billion or 4.4% year over year and were down 1.9% in the month of September. Total assets gained $6.4 billion or 4.8% for the 12-month period and were down 1.8% in September. In comparison, the S&P/TSX Composite Index declined 8.4% over the 12-month period and fell 3.7% in the month of September. 

Average assets under management for the quarter ended September 30, 2015 were $108.5 billion, a decrease of 1.1% from the average for the second quarter.

Average assets under management for the year-to-date were $108.3 billion, an increase of $9.9 billion or 10.0% over the average for fiscal 2014. 

CI also reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $33.2 billion at September 30, 2015, an increase of 6.1% 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.

September 30, 2015

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS Sept. 30/15(millions) Aug. 31/15(millions) %Change Sept. 30/14 (millions) %Change
Assets under management $105,296 $107,368 -1.9% $100,810 4.4%
Assets under advisement* 33,165 33,635 -1.4% 31,252 6.1%
TOTAL $138,461 $141,003 -1.8% $132,062 4.8%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT

Sept. 30/15 (millions)

Aug. 31/15 (millions)

% Change

Monthly average

$106,246

$109,144

-2.7%

FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT

Ending Sept. 30/15                (millions)

Ending June 30/15 (millions)

% Change

Fiscal quarter average

$108,541

$109,750

-1.1%

FISCAL YEAR AVERAGEASSETS UNDER MANAGEMENT

Ending Sept. 30/15 (millions)

Fiscal 2014(millions)

% Change

Fiscal year average

$108,281

$98,408

10.0%

EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

276,397,293

Debt outstanding

$436

QTD weighted avg. shares

277,770,913

Net debt outstanding

$324

Current Yield

4.4%

   

Potential share dilution from options

412,265

Terminal redemption value of funds

$672

All options % of shares

2.7%

   

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

37%

Asia

4%

United States

32%

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, including 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