CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, Feb. 2, 2016 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at January 31, 2016 of $107.9 billion and total assets of $141.4 billion.

Assets under management were up 2.3% year over year and down 2.9% in the month of January. Total assets gained 2.2% year over year and were down 2.9% in January. Meanwhile, the S&P/TSX Composite Index declined 9.9% over the 12-month period and fell 1.2% in the month of January.

Average assets under management for the quarter and year-to-date were $108.0 billion, a decrease of 0.7% from the average for the fourth quarter of 2015 and a decrease of 0.4% from the average for fiscal year 2015.

CI also reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $33.5 billion at January 31, 2016, an increase of 1.8% 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.
January 31, 2016
PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Jan. 31/16
(millions)

Dec. 31/15
(millions)

%
Change

Jan. 31/15
(millions)

%
Change

Assets under management

$107,928

$111,124

-2.9%

$105,478

2.3%

Assets under advisement*

33,465

34,552

-3.1%

32,884

1.8%

TOTAL

$141,393

$145,676

-2.9%

$138,362

2.2%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT

Jan. 31/16
(millions)

Dec. 31/15
 (millions)

%
Change

Monthly average

$107,978

$110,765

-2.5%

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT

Ending Jan. 31/16
(millions)

Ending Dec. 31/15
(millions)

%
Change

Fiscal quarter average

$107,978

$108,688

-0.7%

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT

Ending Jan. 31/16
(millions)

Fiscal 2015
(millions)

%
Change

Fiscal year average

$107,978

$108,384

-0.4%

EQUITY

FINANCIAL POSITION
(millions)       

Total outstanding shares

275,700,228

Debt outstanding

$506

QTD weighted avg. shares

275,949,563

Net debt outstanding

$408

Current yield

4.3%



Potential share dilution from options

306,276

Terminal redemption value of funds

$641

All options % of shares

2.5%



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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

34%

Asia

5%

United States

34%

Other

4%

Europe

14%

Cash

9%

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. Its primary operating businesses are CI Investments Inc., one of Canada's largest investment managers, advisory businesses Assante Wealth Management and Stonegate Private Counsel, and First Asset Capital Corp., a leader in providing actively managed exchange-traded funds to the Canadian marketplace. CI 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.ci.com

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