CI Financial reports asset growth of 1.8% in May

TSX Symbol: CIX

TORONTO, June 3, 2013 /CNW/ - CI Financial Corp. ("CI") today reported assets under management as of May 31, 2013 of $83.0 billion, a month-end record for the company. Total assets were $107.7 billion.

CI's assets under management grew $1.4 billion or 1.8% in the month of May, for the 12th consecutive month of asset growth, and gained $12.5 billion or 17.7% year over year. In comparison, the S&P/TSX Composite Total Return Index gained 1.8% in May and 13.4% over the 12-month period.

Assets under management of $83.0 billion at May 31 represented an increase of $4.2 billion or 5.3% over the average assets under management for the first quarter of 2013 and an increase of $10.4 billion or 14.3% over the average for fiscal year 2012.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $24.7 billion at May 31, 2013, an increase of 12.7% year over year.

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.
May 31, 2013
PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS May 31/13
(millions)
Apr. 30/13
(millions)
%
Change
May 31/12
(millions)
%
Change
Assets under management $83,009 $81,567 1.8% $70,532 17.7%
Assets under administration* 24,708 24,318 1.6% 21,933 12.7%
TOTAL $107,717 $105,885 1.7% $92,465 16.5%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
May 31/13
(millions)
Apr. 30/13
(millions)
%
Change
Monthly average $82,872 $80,294 3.2%

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending May 31/13
(millions)
Ending Mar. 31/13
(millions)
%
Change
Fiscal quarter average $81,604 $78,810 3.5%

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending May 31/13
(millions)
Fiscal 2012
(millions)
%
Change
Fiscal year average $79,939 $72,606 10.1%


EQUITY
FINANCIAL POSITION
(millions)
Total outstanding shares
QTD weighted avg. shares
Current Yield
Potential share dilution from options
All options % of shares
 
283,586,945
283,405,609
3.6%
1,348,823
2.1%
 
Debt outstanding
Net debt outstanding
 
Terminal redemption value of funds
 
 
$554
$485
 
$772
 
 

* Includes CI and United Financial funds administered by Assante advisors.

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada       45% Asia        4%
United States       29% Other        6%
Europe       12% Cash        4%

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.cifinancial.com.

 

SOURCE: CI Investments Inc.

For further information:

Stephen A. MacPhail
President and Chief Executive Officer
CI Financial
(416) 364-1145


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