TSX Symbol: CIX
TORONTO, April 2, 2013 /CNW/ - CI Financial Corp. ("CI") today reported
assets under management as of March 31, 2013 of $80.5 billion, a new
month-end record for the company. Total assets were $104.7 billion.
CI's assets under management grew $627 million or 0.8% in the month of
March, for the 10th consecutive month of asset growth, and gained $7.1 billion or 9.7% year
over year. In comparison, the S&P/TSX Composite Total Return Index was
down 0.2% in March and up 6.1% over the 12-month period.
Average assets under management for the first quarter of 2013 were $78.8
billion, an increase of $4.5 billion or 6.0% over the average for the
fourth quarter of 2012 and increase of $6.2 billion or 8.5% over the
average for fiscal year 2012. Furthermore, assets under management at
March 31, 2013 were 2.1% higher than the average for the first quarter
of 2013.
CI also reported assets under administration at Assante Wealth
Management (Canada) Ltd. of $24.2 billion at March 31, 2013, an
increase of 1.0% for the month and 6.1% 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.
March 31, 2013
PRELIMINARY MONTH-END STATISTICS
|
|
ENDING ASSETS
|
Mar. 31/13
(millions)
|
Feb. 28/13
(millions)
|
%
Change
|
Mar. 31/12
(millions)
|
%
Change
|
|
Assets under management
|
$80,471
|
$79,844
|
0.8%
|
$73,361
|
9.7%
|
|
Assets under administration*
|
24,228
|
23,982
|
1.0%
|
22,829
|
6.1%
|
|
TOTAL
|
$104,699
|
$103,826
|
0.8%
|
$96,190
|
8.8%
|
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
|
Mar. 31/13
(millions)
|
Feb. 28/13
(millions)
|
%
Change
|
|
Monthly average
|
$80,372
|
$78,823
|
2.0%
|
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Mar. 31/13
(millions)
|
Ending Dec. 31/12
(millions)
|
%
Change
|
|
Fiscal quarter average
|
$78,810
|
$74,323
|
6.0%
|
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Mar. 31/13
(millions)
|
Fiscal 2012
(millions)
|
%
Change
|
|
Fiscal year average
|
$78,810
|
$72,606
|
8.5%
|
|
EQUITY
|
FINANCIAL POSITION
(millions)
|
|
Total outstanding shares
|
283,255,119
|
Debt outstanding
|
$594
|
|
QTD weighted avg. shares
|
283,147,561
|
Net debt outstanding
|
$506
|
|
Current Yield
|
3.6%
|
|
|
Potential share dilution
from options
|
1,334,744
|
Terminal redemption value of funds
|
$775
|
|
All options % of shares
|
2.4%
|
|
|
* Includes CI and United Financial funds administered by Assante
advisors.
|
ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
|
|
Canada
|
47%
|
Asia
|
4%
|
|
United States
|
28%
|
Other
|
5%
|
|
Europe
|
11%
|
Cash
|
5%
|
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.
Stephen A. MacPhail
President and Chief Executive Officer
CI Financial
(416) 364-1145