CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, May 3, 2016 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at April 30, 2016 of $108.3 billion and total assets of $143.0 billion.

Assets under management declined 0.4% in April and 0.6% year over year. Total assets declined 0.2% for the month and increased 0.1% year over year. Meanwhile, the S&P/TSX Composite Index was up 3.7% in April and declined 5.5% over the 12-month period, while the S&P 500 declined 2.9% in April and gained 5.1% over 12 months (in Canadian dollars).

Average assets under management for the quarter-to-date were $108.6 billion, representing an increase of $1.3 billion or 1.2% from the average for the first quarter of 2016 and an increase of 0.2% from the average for fiscal year 2015.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $34.6 billion at April 30, 2016, an increase of 2.5% 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.

April 30, 2016

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Apr. 30/16
(millions)

Mar. 31/16
 (millions)

%
Change

Apr 30/15
(millions)

%
Change

Assets under management

$108,322

$108,715

-0.4%

$109,009

-0.6%

Assets under advisement*

34,635

34,566

0.2%

33,787

2.5%

TOTAL

$142,957

$143,281

-0.2%

$142,796

0.1%

MONTHLY AVERAGE

ASSETS UNDER MANAGEMENT

Apr. 30/16
(millions)

Mar. 31/16
(millions)

%
Change

Monthly average

$108,624

$108,370

0.2%

FISCAL QUARTER AVERAGE

ASSETS UNDER MANAGEMENT

Ending Apr. 30/16
 (millions)

Ending Mar. 31/16
(millions)

%

Change

Fiscal quarter average

$108,624

$107,321

1.2%

FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Ending Apr. 30/16

 (millions)

Fiscal 2015

(millions)

%

Change

Fiscal year average

$107,644

$108,384

-0.7%

EQUITY

FINANCIAL POSITION

(millions)       

Total outstanding shares

273,310,379

Debt outstanding

$600

QTD weighted avg. shares

273,515,023

Net debt outstanding

$463

Current Yield

4.8%



Potential share dilution from options

124,338

Terminal redemption value of funds

$605

All options % of shares

3.4%



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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

38%

Asia

5%

United States

32%

Other

4%

Europe

13%

Cash

8%

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, Chief Executive Officer, CI Financial Corp., (416) 364-1145

RELATED LINKS
http://www.ci.com

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