CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, June 1, 2016 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at May 31, 2016 of $110.6 billion and total assets of $146.1 billion.

Assets under management increased by $2.2 billion or 2.1% in the month of May and were flat year over year. Total assets gained $3.1 billion in May and were up 0.9% year over year. Meanwhile, the S&P/TSX Composite Index was up 1.0% in May and declined 3.3% over the 12-month period.

Average assets under management for the quarter-to-date were $108.8 billion, representing an increase of $1.5 billion or 1.4% from the average for the first quarter of 2016.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $35.5 billion at May 31, 2016, an increase of 2.5% in May and 3.7% year over year.

CI will hold its annual meeting of shareholders on Thursday, June 9, 2016 at 4 p.m. Eastern time at its offices at 15 York Street, Second Floor, in Toronto.

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.

May 31, 2016

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

May 31/16
(millions)

Apr. 30/16
(millions)

%
Change

May 31/15
(millions)

%
Change

Assets under management

$110,560

$108,322

2.1%

$110,526

0.0%

Assets under advisement*

35,526

34,665

2.5%

34,265

3.7%

TOTAL

$146,086

$142,987

2.2%

$144,791

0.9%

 

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT

May 31/16
(millions)

Apr. 30/16
(millions)

%
Change

Monthly average

$109,042

$108,624

0.4%

                               

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT

Ending May 31/16 
(millions)

Ending Mar. 31/16 
(millions)

%
Change

Fiscal quarter average

$108,836

$107,321

1.4%

 

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT

Ending May 31/16
(millions)

Fiscal 2015
(millions)

%
Change

Fiscal year average

$107,929

$108,384

-0.4%

 

EQUITY

 

FINANCIAL POSITION

(millions)       

Total outstanding shares

272,300,433

Debt outstanding

$630

QTD weighted avg. shares

273,204,449

Net debt outstanding

$512

Current Yield

4.8%



Potential share dilution from options

175,056

Terminal redemption value of funds

$594

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

4%

United States

32%

Other

5%

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: Investor Relations, CI Financial Corp., (416) 364-1145

RELATED LINKS
http://www.ci.com

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