CI Financial reports record assets under management of $113 billion

TSX Symbol: CIX

TORONTO, Aug. 2, 2016 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at July 31, 2016 of $113.0 billion and total assets of $149.8 billion. Both represent month-end records for CI.

Assets under management increased by $3.4 billion or 3.1% in the month of July and by $2.0 billion or 1.8% year over year. Total assets gained $4.7 billion or 3.2% in July and rose by $4.0 billion or 2.8% in the 12-month period.

Average assets under management for the quarter-to-date were $111.6 billion, representing an increase of $2.7 billion or 2.4% from the average for the second quarter of 2016. Average assets under management for the year-to-date were $108.7 billion, up slightly from the average for fiscal year 2015.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $36.7 billion at July 31, 2016, an increase of $1.3 billion or 3.6% in the month of July and a gain of $2.0 billion or 5.8% year over year.

CI is scheduled to announce its financial results for the second quarter on Thursday, August 4, 2016 on CNW Group and www.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.

July 31, 2016

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

July 31/16
(millions)

June 30/16
(millions)

%
Change

July 31/15
(millions)

%
Change

Assets under management

$113,024

$109,594

3.1%

$111,033

1.8%

Assets under advisement*

36,741

35,465

3.6%

34,714

5.8%

TOTAL

$149,765

$145,059

3.2%

$145,747

2.8%

 

MONTHLY AVERAGE

ASSETS UNDER MANAGEMENT

  July 31/16
(millions)

June 30/16
(millions)

%
Change

Monthly average

$111,645

$109,313

2.1%

                               

FISCAL QUARTER AVERAGE

ASSETS UNDER MANAGEMENT

Ending July 31/16
(millions)

Ending June 30/16
(millions)

%
Change

Fiscal quarter average

$111,645

$108,994

2.4%

 

FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Ending July 31/16
 (millions)

Fiscal 2015
(millions)

%
Change

Fiscal year average

$108,665

$108,384

0.3%

 

EQUITY

 

FINANCIAL POSITION

(millions)       

Total outstanding shares

270,925,502

Debt outstanding

$612

QTD weighted avg. shares

270,991,933

Net debt outstanding

$477

Current Yield

5.2%



Potential share dilution from options

74,525

Terminal redemption value of funds

$576

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

37%

Asia

4%

United States

35%

Other

4%

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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