TSX Symbol: CIX
TORONTO, May 1, 2013 /CNW/ - CI Financial Corp. ("CI") today reported
assets under management as of April 30, 2013 of $81.6 billion, an
all-time record for the company. Total assets were $105.8 billion.
CI's assets under management grew $1.1 billion or 1.4% in the month of
April, for the 11th consecutive month of asset growth, and gained $8.5 billion or 11.6%
year over year. In comparison, the S&P/TSX Composite Total Return Index
fell 2.1% in April and was up 4.5% over the 12-month period.
Assets under management of $81.6 billion at April 30 represented an
increase of $2.8 billion or 3.5% over the average for the first quarter
of 2013 and an increase of $9.0 billion or 12.3% over the average for
fiscal year 2012.
"2013 continues to be an exceptional year for CI, with record assets
under management and gross and net sales showing extraordinary growth,"
said Stephen A. MacPhail, CI President and Chief Executive Officer.
"This strength in sales continued in April, with our year-to-date net
sales reaching the highest level in 13 years."
CI also reported assets under administration at Assante Wealth
Management (Canada) Ltd. of $24.2 billion at April 30, 2013, an
increase of 6.9% year over year.
CI will report its results for the first quarter of 2013 on Tuesday, May
7, 2013.
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.
April 30, 2013
PRELIMINARY MONTH-END STATISTICS
|
|
ENDING ASSETS
|
Apr. 30/13
(millions)
|
Mar. 31/13
(millions)
|
%
Change
|
Apr. 30/12
(millions)
|
%
Change
|
|
Assets under management
|
$81,567
|
$80,471
|
1.4%
|
$73,112
|
11.6%
|
|
Assets under administration*
|
24,238
|
24,222
|
0.1%
|
22,672
|
6.9%
|
|
TOTAL
|
$105,805
|
$104,693
|
1.1%
|
$95,784
|
10.5%
|
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
|
Apr. 30/13
(millions)
|
Mar. 31/13
(millions)
|
%
Change
|
|
Monthly average
|
$80,294
|
$80,372
|
-0.1%
|
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Apr. 30/13
(millions)
|
Ending Mar. 31/13
(millions)
|
%
Change
|
|
Fiscal quarter average
|
$80,294
|
$78,810
|
1.9%
|
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Apr. 30/13
(millions)
|
Fiscal 2012
(millions)
|
%
Change
|
|
Fiscal year average
|
$79,181
|
$72,606
|
9.1%
|
|
EQUITY
|
|
FINANCIAL POSITION
(millions)
|
|
|
Total outstanding shares
|
283,323,896
|
Debt outstanding
|
$568
|
|
QTD weighted avg. shares
|
283,321,051
|
Net debt outstanding
|
$500
|
|
Current Yield
|
3.6%
|
|
|
Potential share dilution
from options
|
1,239,613
|
Terminal redemption value of funds
|
$773
|
|
All options % of shares
|
2.2%
|
|
|
|
|
|
|
|
* 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