CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, June 4, 2012 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $70.5 billion and total assets of $92.5 billion as of May 31, 2012.

Assets under management decreased 3.5% for the month of May, compared to a decline of 6.1% for the S&P/TSX Composite Index. Average assets under management for the year-to-date at May 31, 2012 were $72.1 billion, compared to an average of $72.2 billion for the 2011 fiscal year.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $21.9 billion at May 31, 2012.

Additional information about CI's assets and financial position can be found below in the tables of preliminary statistics and on its website, www.cifinancial.com, 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, 2012
PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

May 31/12
(millions)
Apr. 30/12
(millions)
%
Change
May 31/11
(millions)
%
Change
Assets under management $70,532 $73,112 -3.5% $75,491 -6.6%
Assets under administration* 21,921 22,672 -3.3% 23,396 -6.3%
TOTAL $92,453 $95,784 -3.5% $98,887 -6.5%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
May 31/12
(millions)
Apr. 30/12
(millions)
%
Change
Monthly average $71,106 $72,494 -1.9%

QUARTERLY AVERAGE ASSETS
UNDER MANAGEMENT
May 31/12
(millions)
Mar. 31/12
(millions)
%
Change
Quarterly average $71,789 $72,262 -0.7%

FISCAL AVERAGE
ASSETS UNDER MANAGEMENT
Fiscal 2012
(millions)
Fiscal 2011
(millions)
%
Change
Fiscal year average $72,072 $72,186 -0.2%

 

   
EQUITY FINANCIAL POSITION (millions)       
Total outstanding shares 283,323,104 Debt outstanding $750
QTD weighted avg. shares 283,668,849 Net debt outstanding $658
Current Yield 4.4%    
Potential share dilution from options 515,086 Terminal redemption value of funds $776
All options % of shares 2.4%    

* 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       9% Cash        11%

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.cifinancial.com

SOURCE CI Investments Inc.

For further information:

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


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