CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, Sept. 2, 2011 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at August 31, 2011 of $70.7 billion and total assets of $92.7 billion.

Assets under management increased by $6.4 billion or 10.0% since August 31, 2010 and declined by 3.1% during the month of August 2011. In comparison, for the month, the S&P/TSX Composite Index declined 1.2%; the S&P 500 in Canadian dollars declined 3.4% and the MSCI World Index in Canadian dollars fell 5.0%. CI's average assets under management year-to-date were $73.7 billion, up $8.0 billion or 12.1% from the average for fiscal 2010.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $22.0 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 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.
August 31, 2011
MONTH-END STATISTICS

ENDING ASSETS

Aug 31/11
(millions)
Jul 31/11
(millions)
%
Change
Aug 31/10
(millions)
%
Change
Assets under management $70,713 $72,942 -3.1% $64,281 10.0%

Assets under administration*

21,962 22,573 -2.7% 20,936 4.9%
TOTAL $92,675 $95,515 -3.0% $85,217 8.8%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Aug 31/11
(millions)
Jul 31/11
(millions)
%
Change
Monthly average $69,524 $74,092 -6.2%

QUARTERLY AVERAGE ASSETS
UNDER MANAGEMENT
Aug 31/11
(millions)
Jun 30/11
(millions)
%
Change
Quarterly average $71,808 $74,525 -3.6%

FISCAL AVERAGE
ASSETS UNDER MANAGEMENT
Fiscal 2011
(millions)
Fiscal 2010
(millions)
%
Change
Fiscal year average $73,679 $65,719 12.1%

EQUITY FINANCIAL POSITION
(millions)       
Total outstanding shares
QTD weighted avg. shares
Yield at $20.19
In-the-money options
Percentage of all options
All options % of shares
287,469,879
287,984,661
4.5%
3,080,241
48%
2.3%
Debt outstanding
Net debt outstanding

Terminal redemption value of funds
$850
$686

$791

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada 51% Asia 3%
United States 22% Other 4%
Europe 10% Cash 10%

 

 

SOURCE CI Financial Corp.

For further information:

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


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