CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, July 3, 2015 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at June 30, 2015 of $108.8 billion and total assets of $140.3 billion.

Assets under management grew by $9.0 billion or 9.0% year over year and were down 1.5% in the month of June. Total assets gained $11.4 billion or 8.9% for the 12-month period and were down 1.5% in June. In comparison, the S&P/TSX Composite Index declined 1.2% over 12 months and fell 2.8% in the month of June.

Average assets under management for the quarter ending June 30, 2015 were $109.8 billion, representing an increase of $3.2 billion or 3.0% over the average assets under management for the first quarter.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $31.4 billion at June 30, 2015, an increase of 8.5% year over year.

In other developments in June, Assante Advisor Stephen Jones was named 2015 Advisor of the Year at the Wealth Professional Awards. Mr. Jones, who has the CPA, CA and CFP designations, is a Senior Financial Advisor with Assante Financial Management Ltd. in Waterloo. The awards are given by Wealth Professional magazine to celebrate excellence in the Canadian wealth management industry.

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, 2015

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

June 30/15
(millions)

May 31/15
(millions)

%
Change

June 30/14
(millions)

%
Change

Assets under management

$108,839

$110,526

-1.5%

$99,882

9.0%

Assets under administration*

31,423

31,814

-1.2%

28,951

8.5%

TOTAL

$140,262

$142,340

-1.5%

$128,833

8.9%

MONTHLY AVERAGE

ASSETS UNDER MANAGEMENT

June 30/15
(millions)

May 31/15
(millions)

%
Change

Monthly average

$109,628

$109,749

-0.1%

FISCAL QUARTER AVERAGE

ASSETS UNDER MANAGEMENT

Ending June 30/15
(millions)

Ending Mar. 31/15
(millions)

%
Change

Fiscal quarter average

$109,750

$106,531

3.0%

FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Ending June 30/15
(millions)

Fiscal 2014
(millions)

%
Change

Fiscal year average

$108,149

$98,408

9.9%

EQUITY

FINANCIAL POSITION
(millions)       

Total outstanding shares

278,624,442

Debt outstanding

$384

QTD weighted avg. shares

279,861,494

Net debt outstanding

$267

Current Yield

3.9%



Potential share dilution from options

623,035

Terminal redemption value of funds

$690

All options % of shares

2.7%



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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

39%

Asia

4%

United States

32%

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 Financial Corp.

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

RELATED LINKS
http://www.cifunds.com

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