CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, April 3, 2017 /CNW/ - CI Financial Corp. ("CI") today reported preliminary assets under management at March 31, 2017 of $120.9 billion and total assets of $160.5 billion.

Assets under management grew by $12.2 billion or 11.2% year over year, and increased by 0.5% in the month of March. Total assets gained $17.2 billion or 12.0% for the 12-month period and were up $1 billion or 0.6% in the month of March.

CI's average assets under management for the first quarter of 2017 were $119.4 billion, representing an increase of $4.6 billion or 4.0% over the average assets under management for the fourth quarter of 2016, and an increase of $8.5 billion or 7.7% over the average for fiscal 2016.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $39.6 billion at March 31, 2017, representing an increase of $5.0 billion or 14.5% year over year.

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.

March 31, 2017

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Mar. 31/17(billions)

Feb.28/17 
(billions)

% Change

Mar. 31/16 (billions)

%Change

Assets under management

$120.9

$120.3

0.5%

$108.7

11.2%

Assets under advisement*

39.6

39.2

1.0%

34.6

14.5%

TOTAL

$160.5

$159.5

0.6%

$143.3

12.0%

 

MONTHLY AVERAGE

ASSETS UNDER MANAGEMENT

Mar. 31/17
(billions)

Feb. 28/17
(billions)

%
Change

Monthly average

$120.9

$119.2

1.4%

                               

FISCAL QUARTER AVERAGE

ASSETS UNDER MANAGEMENT

Ending Mar. 31/17
(billions)

Ending Dec. 31/16
(billions)

%
Change

Fiscal quarter average

$119.4

$114.8

4.0%

 

FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Ending Mar. 31/17
(billions)

Fiscal 2016
(billions)

%
Change

Fiscal year average

$119.4

$110.9

7.7%

 

EQUITY

FINANCIAL POSITION

(millions)

Total outstanding shares

262,737,470

Debt outstanding

$868

QTD weighted avg. shares

264,447,960

Net debt outstanding

$681

Current Yield

5.2%





Terminal redemption value of funds

$490

*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.

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

RELATED LINKS
http://www.ci.com

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