CI Financial reports a 4.5% increase in assets under management

TSX Symbol: CIX

TORONTO, Nov. 1, 2011 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at October 31, 2011 of $70.4 billion and total assets of $92.2 billion.

CI's assets under management increased by $3.0 billion or 4.5% during the month of October and were up by $2.2 billion or 3.2% over one year. CI's total assets grew by $3.8 billion or 4.3% during the month and increased by $2.0 billion or 2.2% year over year. CI's average assets under management for the year-to-date were $72.7 billion, up $7.0 billion or 10.6% from the average for fiscal 2010.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $21.9 billion.

Additional information about CI's assets and financial position can be found below in the tables of preliminary statistics and on its website, www.ci.com/cix, in the Statistics section. These are the only statistics authorized by CI and CI takes no responsibility for reporting by any external sources.

CI will report its financial results for the third quarter of fiscal 2011 on November 8, 2011.

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. CI is on the Web at www.ci.com/cix.

CI FINANCIAL CORP. October 31, 2011 MONTH-END STATISTICS
ENDING ASSETS	Oct. 31/11 (millions)	Sept. 30/11 (millions)	% Change	Oct. 31/10 (millions)	% Change
Assets under management	$70,389	$67,386	4.5%	$68,235	3.2%
Assets under administration*	21,859	21,045	3.9%	22,015	-0.7%
TOTAL	$92,248	$88,431	4.3%	$90,250	2.2%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT	Oct. 31/11 (millions)	Sept. 30/11 (millions)	% Change
Monthly average	$68,900	$68,787	0.2%

QUARTERLY AVERAGE ASSETS UNDER MANAGEMENT	Oct. 31/11 (millions)	Sept. 30/11 (millions)	% Change
Quarterly average	$68,900	$70,823	-2.7%

FISCAL AVERAGE ASSETS UNDER MANAGEMENT	Fiscal 2011 (millions)	Fiscal 2010 (millions)	% Change
Fiscal year average	$72,709	$65,719	10.6%

EQUITY		FINANCIAL POSITION (millions)
Total outstanding shares QTD weighted avg. shares Yield at $20.00 In-the-money options Percentage of all options All options % of shares	284,742,023 285,503,820 4.5% 3,031,238 47% 2.3%	Debt outstanding Net debt outstanding   Terminal redemption value of funds	$850 $713   $786

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada	52%	Asia	3%
United States	23%	Other	4%
Europe	9%	Cash	9%

 

 

For further information:

Stephen A. MacPhail
President and Chief Executive Officer
CI Financial
[phone]