CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, Dec. 1, 2011 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at November 30, 2011 of $70.1 billion and total assets of $92.0 billion.

CI's assets under management increased by $1.4 billion or 2.1% year over year and declined by 0.4% in the month of November. CI's average assets under management for the year-to-date were $72.4 billion, up $6.7 billion or 10.2% from the average for fiscal 2010.

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

In other developments, CI Investments Inc. was the winner of two awards at last night's Morningstar Canadian Investment Awards event. Portfolio Series was named Best Fund of Funds, and Signature High Income Fund was chosen Best Global Balanced Fund. In addition, CI Investments was a finalist for both the Advisors' Choice Investment Fund Company of the Year and Analysts' Choice Investment Fund Company of the Year, while another four CI funds were finalists in their categories.

"The continued recognition of CI and its funds reflects our emphasis on providing quality and leading portfolio management expertise across our product lineup," said Stephen A. MacPhail, CI President and Chief Executive Officer. CI and its managers have received 45 Canadian Investment Awards in the past 14 years.

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 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. November 30, 2011 MONTH-END STATISTICS
ENDING ASSETS	Nov. 30/11  (millions)	Oct. 31/11  (millions)	%  Change	Nov. 30/10  (millions)	%  Change
Assets under management	$70,081	$70,389	-0.4%	$68,671	2.1%
Assets under administration*	21,896	21,975	-0.4%	22,256	-1.6%
TOTAL	$91,977	$92,364	-0.4%	$90,927	1.2%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT	Nov. 30/11  (millions)	Oct. 31/11  (millions)	%  Change
Monthly average	$69,720	$68,900	1.2%

QUARTERLY AVERAGE ASSETS  UNDER MANAGEMENT	Nov. 30/11  (millions)	Sept. 30/11  (millions)	%  Change
Quarterly average	$69,303	$70,823	-2.1%

FISCAL AVERAGE ASSETS UNDER MANAGEMENT	Fiscal 2011  (millions)	Fiscal 2010  (millions)	%  Change
Fiscal year average	$72,441	$65,719	10.2%

EQUITY		FINANCIAL POSITION (millions)
Total outstanding shares QTD weighted avg. shares   Yield at $20.50 In-the-money options Percentage of all options All options % of shares	283,733,349 284,870,295 4.4% 2,957,836 47% 2.2%	Debt outstanding Net debt outstanding   Terminal redemption value of funds	$850  $720    $785

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada	52%	Asia	3%
United States	22%	Other	4%
Europe	9%	Cash	10%

For further information:

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