CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, Sept. 2, 2015 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at August 31, 2015 of $107.4 billion and total assets of $140.9 billion.

Assets under management grew by $5.2 billion or 5.1% year over year but declined by $3.7 billion or 3.3% in the month of August, reflecting recent volatility in global equity markets. Total assets gained $7.0 billion or 5.3% for the 12-month period but declined $4.9 billion or 3.3% in August. In comparison, the S&P/TSX Composite Index declined 8.7% over the 12-month period and fell 4.0% in the month of August.

Average assets under management for the quarter-to-date as of August 31, 2015 were $109.7 billion, a decrease of 0.1% over the average for the second quarter. Average assets under management for the year-to-date were $108.5 billion, an increase of $10.1 billion or 10.3% over the average for fiscal 2014.

CI also reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $33.5 billion at August 31, 2015, an increase of 5.8% 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.

August 31, 2015

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Aug. 31/15
(millions)

July 31/15
(millions)

%
Change

Aug. 31/14
(millions)

%
Change

Assets under management

$107,368

$111,033

-3.3%

$102,182

5.1%

Assets under advisement*

33,520

34,714

-3.4%

31,675

5.8%

TOTAL

$140,888

$145,747

-3.3%

$133,857

5.3%

 

MONTHLY AVERAGE

ASSETS UNDER MANAGEMENT

Aug. 31/15
 (millions)

July 31/15
 (millions)

%
Change

Monthly average

$109,144

$110,159

-0.9%





FISCAL QUARTER AVERAGE

ASSETS UNDER MANAGEMENT

Ending Aug. 31/15
(millions)

Ending June 30/15
(millions)

%
Change

Fiscal quarter average

$109,651

$109,750

-0.1%





FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Ending Aug. 31/15
 (millions)

Fiscal 2014
(millions)

%
Change

Fiscal year average

$108,533

$98,408

10.3%

 

EQUITY

FINANCIAL POSITION

(millions)       

Total outstanding shares

277,298,417

Debt outstanding

$410

QTD weighted avg. shares

278,313,401

Net debt outstanding

$298

Current Yield

4.2%



Potential share dilution from options

488,420

Terminal redemption value of funds

$678

All options % of shares

2.7%



* Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel.

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

37%

Asia

4%

United States

32%

Other

4%

Europe

15%

Cash

8%

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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