CI Financial reports record assets under management

TSX Symbol: CIX

TORONTO, Oct. 3, 2016 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at September 30, 2016 of $113.2 billion and total assets of $150.5 billion. These are month-end record levels for CI.

Assets under management increased by $7.9 billion or 7.5% year over year and were up 0.7% in the month of September. Total assets gained $11.9 billion or 8.6% for the 12-month period and rose 0.7% in September.

Average assets under management for the third quarter were $112.3 billion, representing an increase of $3.3 billion or 3.0% from the average for the second quarter of 2016. Average assets under management for the year-to-date were $109.5 billion, a gain of $1.2 billion or 1.1% from the average for fiscal year 2015.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $37.3 billion at September 30, 2016, an increase of $4.0 billion or 12.0% 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.
September 30, 2016
PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Sept. 30/16
(millions)

Aug. 31/16
(millions)

%
Change

Sept. 30/15
(millions)

%
Change

Assets under management

$113,201

$112,376

0.7%

$105,296

7.5%

Assets under advisement*

37,255

37,041

0.6%

33,249

12.0%

TOTAL

$150,456

$149,417

0.7%

$138,545

8.6%

 

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT

Sept. 30/16
(millions)

Aug. 31/16
(millions)

%
Change

Monthly average

$112,518

$112,635

-0.1%

 

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT

Ending Sept. 30/16
(millions)

Ending June 30/16
(millions)

%
Change

Fiscal quarter average

$112,263

$108,994

3.0%

 

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT

Ending Sept. 30/16
(millions)

Fiscal 2015
(millions)

%
Change

Fiscal year average

$109,536

$108,384

1.1%

 

EQUITY

FINANCIAL POSITION
(millions)       

Total outstanding shares

267,712,433

Debt outstanding

$678

QTD weighted avg. shares

270,112,737

Net debt outstanding

$525

Current Yield

5.5%



Potential share dilution from options

53,246

Terminal redemption value of funds

$558

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

36%

Asia

5%

United States

33%

Other

6%

Europe

13%

Cash

7%

 

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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