TORONTO, May 1, 2014 /CNW/ - CI Financial Corp. ("CI") today reported
that its assets under management at April 30, 2014 were a record $97.3
billion.
CI's assets under management grew by $15.7 billion or 19.2% year over
year and were up $901 million or 0.9% for the month of April, for the
10th consecutive month of asset growth. Total assets were $125.8 billion at
April 30, representing growth of $19.8 billion or 18.6% for the year
and $1.2 billion or 0.9% in April.
CI's assets under management at April 30, 2014 were up $3.9 billion or
4.1% from the average for the first quarter of 2014 and up $14.0
billion or 16.8% from the average for fiscal 2013.
CI also reported assets under administration at Assante Wealth
Management (Canada) Ltd. of $28.5 billion at April 30, 2014, an
increase of 16.6% year over year.
CI is scheduled to release is financial results for the first quarter on
Wednesday, May 7, 2014 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.
April 30, 2014
PRELIMINARY MONTH-END STATISTICS
|
|
ENDING ASSETS
|
Apr. 30/14
(millions)
|
Mar. 31/14
(millions)
|
%
Change
|
Apr. 30/13
(millions)
|
%
Change
|
|
Assets under management
|
$97,346
|
$96,445
|
0.9%
|
$81,647
|
19.2%
|
|
Assets under administration*
|
28,458
|
28,205
|
0.9%
|
24,405
|
16.6%
|
|
TOTAL
|
$125,804
|
$124,650
|
0.9%
|
$106,052
|
18.6%
|
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
|
Apr. 30/14
(millions)
|
Mar. 31/14
(millions)
|
%
Change
|
|
Monthly average
|
$96,613
|
$95,662
|
1.0%
|
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Apr. 30/14
(millions)
|
Ending Mar. 31/14
(millions)
|
%
Change
|
|
Fiscal quarter average
|
$96,613
|
$93,488
|
3.3%
|
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Apr. 30/14
(millions)
|
Fiscal 2013
(millions)
|
%
Change
|
|
Fiscal year average
|
$94,270
|
$83,325
|
13.1%
|
|
EQUITY
|
FINANCIAL POSITION
(millions)
|
Total outstanding shares
QTD weighted avg. shares
Current Yield
Potential share dilution from options
All options % of shares
|
284,526,538
284,526,538
3.2%
1,125,774
2.0%
|
Debt outstanding
Net debt outstanding
Terminal redemption value of funds
|
$500
$306
$761
|
* Includes CI and United Financial funds administered by Assante
advisors.
|
ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
|
|
Canada
|
43%
|
Asia
|
4%
|
|
United States
|
27%
|
Other
|
5%
|
|
Europe
|
14%
|
Cash
|
7%
|
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 Corp.
(416) 364-1145
Copyright CNW Group 2014