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%

 

 

SOURCE CI Financial Corp.

For further information:

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


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