CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, June 2, 2011 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at May 31, 2011 of $75.5 billion and total assets of $98.9 billion.

Assets under management increased by $11.8 billion or 18.6% over the past year and were flat for the month of May 2011. Assets under management at May 31 were $1.4 billion or 1.9% above the level of average assets for the first quarter of 2011 and $9.8 billion or 14.9% above average assets for fiscal 2010.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $23.4 billion. Total assets under management and administration at May 31, 2011 of $98.9 billion represents an increase of 16.0% for the year.

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.
May 31, 2011
MONTH-END STATISTICS

ENDING ASSETS

May 31/11
(millions)
April 30/11
(millions)
%
Change
May 31/10
(millions)
%
Change
Assets under management $75,486 $75,619 -0.2% $63,662 18.6%
Assets under administration* 23,383 23,405 -0.1% 21,578 8.4%
TOTAL $98,869 $99,024 -0.2% $85,240 16.0%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
May 31/11
(millions)
April 30/11
(millions)
%
Change
Monthly average $74,926 $75,216 -0.4%

QUARTERLY AVERAGE ASSETS
UNDER MANAGEMENT
May 31/11
(millions)
March 31/11
(millions)
%
Change
Quarterly average $75,069 $74,114 1.3%

FISCAL AVERAGE
ASSETS UNDER MANAGEMENT
Fiscal 2011
(millions)
Fiscal 2010
(millions)
%
Change
Fiscal year average $74,499 $65,719 13.4%

       
EQUITY   FINANCIAL POSITION
(millions)
 
Total outstanding shares 288,080,974 Debt Outstanding $850
QTD weighted avg. shares 288,053,886 Net debt outstanding $738
Yield at $23.41 3.8% Terminal redemption value of funds $795
In-the-money options 6,598,433    
Percentage of all options 99%    
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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