CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, July 4, 2012 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $71.6 billion and total assets of $93.7 billion as of June 30, 2012.

Assets under management increased 1.5% for the month of June, compared to a gain of 1.1% for the S&P/TSX Composite Index. Average assets under management for the year-to-date at June 30, 2012 were $71.8 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 $22.1 billion at June 30, 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.
June 30, 2012
PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS June 30/12
(millions)
May 31/12
(millions)
%
Change
June 30/11
(millions)
%
Change
Assets under management $71,559 $70,532 1.5% $74,283 -3.7%
Assets under administration* 22,113 21,933 0.8% 22,874 -3.3%
TOTAL $93,672 $92,465 1.3% $97,157 -3.6%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
June 30/12
(millions)
May 31/12
(millions)
%
Change
Monthly average $70,566 $71,106 -0.8%

QUARTERLY AVERAGE ASSETS
UNDER MANAGEMENT
June 30/12
(millions)
Mar. 31/12
(millions)
%
Change
Quarterly average $71,385 $72,262 -1.2%

FISCAL AVERAGE
ASSETS UNDER MANAGEMENT
Fiscal 2012
(millions)
Fiscal 2011
(millions)
%
Change
Fiscal year average $71,824 $72,186 -0.5%

EQUITY   FINANCIAL POSITION
(millions)
 
Total outstanding shares 283,342,075 Debt outstanding $750
QTD weighted avg. shares 283,561,121
Net debt outstanding $633
Current Yield 4.3%    
Potential share dilution
from options
545,960
Terminal redemption value of funds
 $772
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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