CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, May 3 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at April 30, 2011 of $75.6 billion.

This represents an increase of $9.6 billion or 14.5% from April 30, 2010 and an increase of 0.2% for the month of April 2011. It was the eighth consecutive month of asset growth and represents a new month-end record for CI's assets under management.

CI's average assets under management for the year-to-date 2011 were $74.4 billion, an increase of $8.7 billion or 13.2% over the average for the fiscal year 2010.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $23.4 billion. CI's total assets at April 30, 2011 were $99.0 billion, an increase of 13.0% for the year and 0.2% for the month.

CI expects to release its financial results for the quarter ending March 31, 2011 on May 10, 2011.

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.
April 30, 2011
MONTH-END STATISTICS


ENDING ASSETS April 30/11
(millions)
March 31/11
(millions)
%
Change
April 30/10
(millions)
%
Change
Assets under management $75,627 $75,455 0.2% $66,029 14.5%
Assets under administration* 23,387 23,330 0.2% 21,578 8.4%
TOTAL $99,014 $98,785 0.2% $87,607 13.0%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
April 30/11
(millions)
March 31/11
(millions)
%
Change
Monthly average $75,224 $74,574 0.9%

QUARTERLY AVERAGE ASSETS
UNDER MANAGEMENT
April 30/11
(millions)
March 31/11
(millions)
%
Change
Quarterly average $75,224 $74,114 1.5%

FISCAL AVERAGE
ASSETS UNDER MANAGEMENT
Fiscal 2011
(millions)
Fiscal 2010
(millions)
%
Change
Fiscal year average $74,391 $65,719 13.2%

EQUITY FINANCIAL POSITION
(millions)
Total outstanding shares 288,079,660 Debt Outstanding $850
QTD weighted avg. shares 288,026,026 Cash and marketable securities (191)
Yield at $23.16 3.9% Net debt outstanding $659
In-the-money options 6,648,091    
Percentage of all options 99% Terminal redemption value of funds $795
All options % of shares 2.3%    

* 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 10% Cash 8%

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.

SOURCE CI Financial Corp.

For further information:

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


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