CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, Dec. 1, 2016 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at November 30, 2016 of $117.0 billion and total assets of $154.6 billion.

Assets under management increased by $8.7 billion or 8.0% year over year and by $4.8 billion or 4.3% in the month of November. Total assets gained $11.7 billion or 8.2% for the 12-month period and were up $5.2 billion or 3.5% in November.

CI's assets now include the assets under management of Grant Samuel Funds Management ("GSFM") of Sydney, Australia, a firm in which CI acquired an 80% stake on November 15, 2016. GSFM is a leading manager and distributor of investment strategies and products in the Australian and New Zealand markets with assets under management in excess of A$6 billion.

CI's average assets under management for the quarter-to-date were $113.5 billion, versus $112.3 billion for the third quarter of 2016. Average assets under management for the year-to-date were $110.3 billion, a gain of $1.9 billion or 1.8% from the average for fiscal year 2015.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $37.6 billion at November 30, 2016, representing an increase of $3.0 billion or 8.7% year over year and 1.1% for the month of November.

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.

November 30, 2016

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Nov. 30/16
(billions)

Oct. 31/16
 (billions)

%
Change

Nov. 30/15
(billions)

%
Change

Assets under management

$117.0

$112.2

4.3%

$108.3

8.0%

Assets under advisement*

37.6

37.2

1.1%

34.6

8.7%

TOTAL

$154.6

$149.4

3.5%

$142.9

8.2%

 

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT

  Nov. 30/16
(billions)

 Oct. 31/16
(billions)

%

Change

Monthly average

$114.9

$112.2

2.4%

 

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT

Ending Nov. 30/16
(billions)

Ending Sept. 30/16
(billions)

%
Change

Fiscal quarter average

$113.5

$112.3

1.1%

 

FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Ending Nov. 30/16
(billions)

Fiscal 2015
(billions)

%

Change

Fiscal year average

$110.3

$108.4

1.8%

 

EQUITY

FINANCIAL POSITION
(millions)

Total outstanding shares

266,370,442

Debt outstanding

$768

QTD weighted avg. shares

266,917,087

Net debt outstanding

$594

Current Yield

5.2%



Potential share dilution from options

68,896

Terminal redemption value of funds

$539

All options % of shares

3.3%



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

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, Grant Samuel Funds Management of Australia, 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

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890