CI Financial reports record assets under management

TSX Symbol: CIX

TORONTO, Sept. 2, 2014 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at August 31, 2014 of $102.2 billion and total assets of $131.8 billion.

CI's assets under management grew by $18.4 billion or 21.9% year over year and were up $1.8 billion or 1.7% in the month of August, for the 14th consecutive month of asset growth. Total assets were up $23.0 billion or 21.2% for the year and $2.3 billion or 1.8% in August. Assets under management and total assets at August 31 were new month-end records for CI.

Assets under management at August 31, 2014 of $102.2 billion represented an increase of $4.3 billion or 4.4% over the average assets under management for the quarter ending June 30, 2014 and an increase of $18.9 billion or 22.6% over the average for fiscal 2013.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $29.6 billion at August 31, 2014, an increase of 18.6% year over 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.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.

August 31, 2014

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Aug. 31/14
(millions)

July 31/14
(millions)

%
Change

Aug. 31/13
(millions)

%
Change

Assets under management

$102,182

$100,427

1.7%

$83,810

21.9%

Assets under administration*

29,641

29,125

1.8%

24,995

18.6%

TOTAL

$131,823

$129,552

1.8%

$108,805

21.2%

MONTHLY AVERAGE

ASSETS UNDER MANAGEMENT

Aug. 31/14
(millions)

July 31/14
(millions)

%
Change

Monthly average

$101,000

$100,399

0.6%

FISCAL QUARTER AVERAGE

ASSETS UNDER MANAGEMENT

Ending Aug. 31/14
(millions)

Ending June 30/14
(millions)

%
Change

Fiscal quarter average

$100,700

$97,895

2.9%

FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Ending Aug. 31/14
(millions)

Fiscal 2013
(millions)

%
Change

Fiscal year average

$96,979

$83,325

16.4%

EQUITY

FINANCIAL POSITION

(millions)       

Total outstanding shares

283,337,448

Debt outstanding

$500

QTD weighted avg. shares

283,765,468

Net debt outstanding

$222

Current Yield

3.4%



Potential share dilution from options

1,079,118

Terminal redemption value of funds

$746

All options % of shares

2.0%



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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

43%

Asia

4%

United States

29%

Other

4%

Europe

14%

Cash

6%

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, and is on the Web at www.cifinancial.com.

SOURCE: CI Financial Corp.

For further information: Stephen A. MacPhail, President and Chief Executive Officer, CI Financial Corp., (416) 364-1145

LIENS CONNEXES
http://www.cifunds.com

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