CI Financial's assets under management reach all-time high of $97.3 billion

TORONTO, May 1, 2014 /CNW/ - CI Financial Corp. ("CI") today reported that its assets under management at April 30, 2014 were a record $97.3 billion.

CI's assets under management grew by $15.7 billion or 19.2% year over year and were up $901 million or 0.9% for the month of April, for the 10th consecutive month of asset growth. Total assets were $125.8 billion at April 30, representing growth of $19.8 billion or 18.6% for the year and $1.2 billion or 0.9% in April.

CI's assets under management at April 30, 2014 were up $3.9 billion or 4.1% from the average for the first quarter of 2014 and up $14.0 billion or 16.8% from the average for fiscal 2013.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $28.5 billion at April 30, 2014, an increase of 16.6% year over year.

CI is scheduled to release is financial results for the first quarter on Wednesday, May 7, 2014 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.
April 30, 2014
PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Apr. 30/14
(millions)
Mar. 31/14
(millions)
%
Change
Apr. 30/13
(millions)
%
Change
Assets under management $97,346 $96,445 0.9% $81,647 19.2%

Assets under administration*

28,458 28,205 0.9% 24,405 16.6%
TOTAL $125,804 $124,650 0.9% $106,052 18.6%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Apr. 30/14
(millions)
Mar. 31/14
(millions)
%
Change
Monthly average $96,613 $95,662 1.0%

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Apr. 30/14
(millions)
Ending Mar. 31/14
(millions)
%
Change
Fiscal quarter average $96,613 $93,488 3.3%

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending Apr. 30/14
(millions)
Fiscal 2013
(millions)
%
Change
Fiscal year average $94,270 $83,325 13.1%

EQUITY FINANCIAL POSITION
(millions)
Total outstanding shares
QTD weighted avg. shares
Current Yield
Potential share dilution from options
All options % of shares
284,526,538
284,526,538
3.2%
1,125,774
2.0%
Debt outstanding
Net debt outstanding

Terminal redemption value of funds
$500
$306

$761




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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

      43% Asia        4%
United States       27% Other        5%

Europe

      14% Cash        7%

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.

SOURCE CI Investments Inc.

For further information:

Stephen A. MacPhail
President and Chief Executive Officer
CI Financial Corp.
(416) 364-1145