CI Financial reports assets under management over $100 billion

TSX Symbol: CIX

TORONTO, Aug. 5, 2014 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at July 31, 2014 of $100.4 billion and total assets of $129.5 billion.

CI's assets under management grew by $16.7 billion or 20.0% year over year and were up $545 million or 0.5% in the month of July, for the 13th consecutive month of asset growth. Total assets were up $20.7 billion or 19.1% for the year and $702 million or 0.5% in July. Assets under management and total assets at July 31 were new month-end records for CI.

Assets under management at July 31, 2014 of $100.4 billion represented an increase of $2.5 billion or 2.6% over the average assets under management for the quarter ending June 30, 2014 and an increase of $17.1 billion or 20.5% over the average for fiscal 2013.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $29.1 billion at July 31, 2014, an increase of 16.1% year over year.

CI is scheduled to release is financial results for the second quarter of 2014 on August 7, 2014 at 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.

July 31, 2014

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

July 31/14
(millions)

June 30/14 (millions)

%
Change

July 31/13 (millions)

%
Change

Assets under management

$100,427

$99,882

0.5%

$83,720

20.0%

Assets under administration*

29,108

28,951

0.5%

25,075

16.1%

TOTAL

$129,535

$128,833

0.5%

$108,795

19.1%

MONTHLY AVERAGE

ASSETS UNDER MANAGEMENT

July 31/14
(millions)

June 30/14
(millions)

%
Change

Monthly average

$100,399

$99,589

0.8%

FISCAL QUARTER AVERAGE

ASSETS UNDER MANAGEMENT

Ending July 31/14
(millions)

Ending June 30/14
(millions)

%
Change

Fiscal quarter average

$100,399

$97,895

2.6%

FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Ending July 31/14
(millions)

Fiscal 2013
(millions)

%
Change

Fiscal year average

$96,391

$83,325

15.7%

EQUITY

FINANCIAL POSITION

(millions)       

Total outstanding shares

283,741,338

Debt outstanding

$500

QTD weighted avg. shares

283,997,679

Net debt outstanding

$261

Current Yield

3.4%



Potential share dilution from options

1,061,467

Terminal redemption value of funds

$750

All options % of shares

2.0%



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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

43%

Asia

4%

United States

29%

Other

4%

Europe

14%

Cash

6%

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 Financial Corp.

For further information: Stephen A. MacPhail, President and Chief Executive Officer, CI Financial Corp., (416) 364-1145