CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, Nov. 1, 2016 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at October 31, 2016 of $112.2 billion and total assets of $149.4 billion.

Assets under management increased by $4.2 billion or 3.9% year over year and were down 0.3% in the month of October. Total assets gained $7.1 billion or 5.0% for the 12-month period and declined 0.2% in October.

Average assets under management for the quarter-to-date were $112.2 billion, versus $112.3 billion for the third quarter of 2016. Average assets under management for the year-to-date were $109.8 billion, a gain of $1.4 billion or 1.3% from the average for fiscal year 2015.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $37.2 billion at October 31, 2016, an increase of $2.9 billion or 8.5% year over year.

CI is scheduled to release its financial results for the third quarter of 2016 on November 3, 2016, on CNW Group and cifinancial.com.

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.

October 31, 2016

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Oct. 31/16

(millions)

Sept. 30/16

 (millions)

%

Change

Oct. 31/15

(millions)

%

Change

Assets under management

$112,224

$112,513

-0.3%

$107,989

3.9%

Assets under advisement*

37,196

37,214

0.0%

34,282

8.5%

TOTAL

$149,420

$149,727

-0.2%

$142,271

5.0%

 

MONTHLY AVERAGE

ASSETS UNDER MANAGEMENT

  Oct. 31/16

(millions)

 Sept. 30/16

(millions)

%

Change

Monthly average

$112,215

$112,495

-0.2%

                               

FISCAL QUARTER AVERAGE

ASSETS UNDER MANAGEMENT

Ending Oct. 31/16

(millions)

Ending Sept. 30/16

(millions)

%

Change

Fiscal quarter average

$112,215

$112,256

0.0%

 

FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Ending Oct. 31/16

 (millions)

Fiscal 2015

(millions)

%

Change

Fiscal year average

$109,806

$108,384

1.3%

 

EQUITY

 

FINANCIAL POSITION

(millions)        

Total outstanding shares

266,974,668

Debt outstanding

$682

QTD weighted avg. shares

267,070,508

Net debt outstanding

$513

Current Yield

5.6%



Potential share dilution from options

45,504

Terminal redemption value of funds

$549

All options % of shares

3.3%



 

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

35%

Asia

5%

United States

35%

Other

6%

Europe

13%

Cash

6%

 

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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