CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, July 2, 2013 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $81.6 billion and total assets of $106.0 billion as of June 30, 2013.

CI's assets under management have grown by $10.0 billion or 14.0% since June 30, 2012, and declined 1.7% in the month of June. In comparison, the S&P/TSX Composite Total Return Index was up 7.9% over the 12-month period and down 3.8% in June.

CI's average assets under management for the quarter ended June 30, 2013 were $81.6 billion, representing an increase of $2.8 billion or 3.6% over the average for the first quarter of 2013 and an increase of $9.0 billion or 12.4% over the average for fiscal year 2012.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $24.4 billion at June 30, 2013, an increase of 11.2% year over year.

CI expects to release its financial results for the second quarter on August 8, 2013.

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, 2013
PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS June 30/13
(millions)
May 31/13
(millions)
%
Change
June 30/12
(millions)
%
Change
Assets under management $81,570 $83,009 -1.7% $71,559 14.0%
Assets under administration* 24,412 24,808 -1.6% 21,960 11.2%
TOTAL $105,982 $107,817 -1.7% $93,519 13.3%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
June 30/13
(millions)
May 31/13
(millions)
%
Change
Monthly average $81,625 $82,872 -1.5%

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending June 30/13
(millions)
Ending Mar. 31/13
(millions)
%
Change
Fiscal quarter average $81,611 $78,810 3.6%

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending June 30/13
(millions)
Fiscal 2012
(millions)
%
Change
Fiscal year average $80,218 $72,606 10.5%

EQUITY FINANCIAL POSITION
(millions) 
Total outstanding shares
QTD weighted avg. shares
Current Yield
Potential share dilution from options
All options % of shares
 
283,639,075
283,481,430
3.6%
1,267,644
2.0%
 
Debt outstanding
Net debt outstanding
 
Terminal redemption value of funds
 
 
$528
$448
 
$770
 
 

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada 45% Asia 4%
United States 28% Other 5%
Europe 12% 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 Investments Inc.

For further information:

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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890