CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, April 1, 2015 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at March 31, 2015 of $109.1 billion and total assets of $140.7 billion. Both represented month-end records for CI.

Assets under management grew by $12.7 billion or 13.2% year over year and were up 0.1% in the month of March. Total assets gained $16.0 billion or 12.8% for the year and were up slightly in March. In comparison, the S&P/TSX Composite Index was up 6.9% for the year and down 1.9% in the month of March.

Average assets under management for the first quarter were $106.5 billion, an increase of $5.4 billion or 5.4% from the average for the fourth quarter of 2014 and an increase of $8.1 billion or 8.3% from the average for fiscal 2014.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $31.5 billion at March 31, 2015, an increase of 11.8% 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.

March 31, 2015

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Mar. 31/15
(millions)

Feb. 28/15
(millions)

%
Change

Mar. 31/14
(millions)

%
Change

Assets under management

$109,137

$108,977

0.1%

$96,445

13.2%

Assets under administration*

31,526

31,618

-0.3%

28,205

11.8%

TOTAL

$140,663

$140,595

0.0%

$124,650

12.8%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT

Mar. 31/15
(millions)

Feb. 28/15
(millions)

%
Change

Monthly average

$108,723

$107,529

1.1%

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT

Ending Mar. 31/15
(millions)

Ending Dec. 31/14
(millions)

%
Change

Fiscal quarter average

$106,531

$101,120

5.4%

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT

Ending Mar. 31/15
(millions)

Fiscal 2014
(millions)

%
Change

Fiscal year average

$106,531

$98,408

8.3%

EQUITY

FINANCIAL POSITION
(millions)       

Total outstanding shares

280,597,610

Debt outstanding

$312

QTD weighted avg. shares

281,740,107

Net debt outstanding

$208

Current Yield

3.6%



Potential share dilution from options

877,753

Terminal redemption value of funds

$708

All options % of shares

2.7%



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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

38%

Asia

4%

United States

33%

Other

4%

Europe

14%

Cash

7%

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 Corp., (416) 364-1145

RELATED LINKS
http://www.cifunds.com

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