CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, Feb. 1, 2017 /CNW/ - CI Financial Corp. ("CI") today reported preliminary assets under management at January 31, 2017 of $117.5 billion and total assets of $155.6 billion.

Assets under management grew by $9.8 billion or 9.1% year over year and declined 0.3% in the month of January. Total assets gained $14.2 billion or 10.0% for the 12-month period and were down 0.3% in January.

CI's average assets under management for the quarter-to-date and year-to-date were $118.1 billion, representing an increase of $3.3 billion or 2.9% over the average assets under management for the fourth quarter of 2016 and an increase of $7.2 billion or 6.5% over the average for fiscal 2016.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $38.1 billion at January 31, 2017, representing an increase of $4.4 billion or 13.1% year over year.

CI is scheduled to release its financial results for the fourth quarter and fiscal year 2016 on February 16, 2017 on CNW Group and cifinancial.com.

Additional information about CI's assets and financial position can be found below in the tables of 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, 2017

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Jan. 31/17
(billions)

Dec. 31/16
(billions)

%
Change

Jan 31/16
(billions)

%
Change

Assets under management

$117.5

$117.9

-0.3%

$107.7

9.1%

Assets under advisement*

38.1

38.2

-0.3%

33.7

13.1%

TOTAL

$155.6

$156.1

-0.3%

$141.4

10.0%

 

MONTHLY AVERAGE

ASSETS UNDER MANAGEMENT

Jan. 31/17
(billions)

Dec. 31/16
(billions)

%
Change

Monthly average

$118.1

$117.3

0.7%

                               

FISCAL QUARTER AVERAGE

ASSETS UNDER MANAGEMENT

Ending Jan.31/17
(billions)

Ending Dec. 31/16 
(billions)

%
Change

Fiscal quarter average

$118.1

$114.8

2.9%

 

FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Ending Jan. 31/17
(billions)

Fiscal 2016
(billions)

%
Change

Fiscal year average

$118.1

$110.9

6.5%

 

EQUITY

 

FINANCIAL POSITION

(millions)        

Total outstanding shares

264,767,657

Debt outstanding

$776

QTD weighted avg. shares

265,051,782

Net debt outstanding

$604

Current Yield

5.1%



Potential share dilution from options

45,335

Terminal redemption value of funds

$519

All options % of shares

3.2%



* 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 Investment Management, 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.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2017/01/c3868.html

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

RELATED LINKS
http://www.ci.com

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