TSX Symbol: CIX
TORONTO, Dec. 1, 2014 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at November 30, 2014 of $103.2 billion and total assets of $133.0 billion. Both represent new highs for CI.
CI's assets under management grew by $13.5 billion or 15.1% year over year and by $1.9 billion or 1.9% in the month of November. Total assets gained $16.6 billion or 14.3% for the year and $2.5 billion or 1.9% in November.
At $103.2 billion, assets under management at November 30, 2014 were up $2.1 billion or 2.1% from the average assets under management for the third quarter of 2014, and were $19.8 billion or 23.8% higher than the average for fiscal 2013.
CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $29.8 billion at November 30, 2014, an increase of 11.7% 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.
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CI FINANCIAL CORP.
November 30, 2014
PRELIMINARY MONTH-END STATISTICS
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ENDING ASSETS
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Nov. 30/14
(millions)
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Oct. 31/14
(millions)
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%
Change
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Nov. 30/13
(millions)
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%
Change
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Assets under management
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$103,152
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$101,231
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1.9%
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$89,655
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15.1%
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Assets under administration*
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29,847
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29,305
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1.8%
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26,712
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11.7%
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TOTAL
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$132,999
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$130,536
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1.9%
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$116,367
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14.3%
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MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
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Nov. 30/14
(millions)
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Oct. 31/14
(millions)
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%
Change
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Monthly average
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$102,241
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$99,100
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3.2%
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FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
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Ending Nov. 30/14
(millions)
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Ending Sept. 30/14
(millions)
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%
Change
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Fiscal quarter average
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$100,645
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$101,016
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-0.4%
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FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
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Ending Nov. 30/14
(millions)
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Fiscal 2013
(millions)
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%
Change
|
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Fiscal year average
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$98,070
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$83,325
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17.7%
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EQUITY
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FINANCIAL POSITION
(millions)
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Total outstanding shares
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281,771,768
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Debt outstanding
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$500
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QTD weighted avg. shares
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282,235,653
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Net debt outstanding
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$188
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Current Yield
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3.7%
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Potential share dilution from options
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921,980
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Terminal redemption value of funds
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$733
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All options % of shares
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2.0%
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* Includes CI and United Financial funds administered by Assante advisors.
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ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
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Canada
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41%
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Asia
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4%
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United States
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31%
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Other
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4%
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Europe
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14%
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Cash
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6%
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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 Financial Corp.
Stephen A. MacPhail, President and Chief Executive Officer, CI Financial Corp., (416) 364-1145Copyright CNW Group 2014