Canada NewsWire
TORONTO, May 3, 2016
TSX Symbol: CIX
TORONTO, May 3, 2016 /CNW/ - CI Financial Corp. ("CI") today
reported assets under management at April 30, 2016 of $108.3 billion
and total assets of $143.0 billion.
Assets under management declined 0.4% in April and 0.6% year over year. Total assets declined 0.2% for the month and increased
0.1% year over year. Meanwhile, the S&P/TSX Composite Index was up 3.7% in April and declined 5.5% over the 12-month period,
while the S&P 500 declined 2.9% in April and gained 5.1% over 12 months (in Canadian dollars).
Average assets under management for the quarter-to-date were $108.6 billion, representing an
increase of $1.3 billion or 1.2% from the average for the first quarter of 2016 and an increase of
0.2% from the average for fiscal year 2015.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate
Private Counsel of $34.6 billion at April 30, 2016, an increase of 2.5%
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.
April 30, 2016
PRELIMINARY MONTH-END STATISTICS
|
|
ENDING ASSETS
|
Apr. 30/16
(millions)
|
Mar. 31/16
(millions)
|
%
Change
|
Apr 30/15
(millions)
|
%
Change
|
|
Assets under management
|
$108,322
|
$108,715
|
-0.4%
|
$109,009
|
-0.6%
|
|
Assets under advisement*
|
34,635
|
34,566
|
0.2%
|
33,787
|
2.5%
|
|
TOTAL
|
$142,957
|
$143,281
|
-0.2%
|
$142,796
|
0.1%
|
|
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
|
Apr. 30/16
(millions)
|
Mar. 31/16
(millions)
|
%
Change
|
|
Monthly average
|
$108,624
|
$108,370
|
0.2%
|
|
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Apr. 30/16
(millions)
|
Ending Mar. 31/16
(millions)
|
%
Change
|
|
Fiscal quarter average
|
$108,624
|
$107,321
|
1.2%
|
|
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Apr. 30/16
(millions)
|
Fiscal 2015
(millions)
|
%
Change
|
|
Fiscal year average
|
$107,644
|
$108,384
|
-0.7%
|
|
EQUITY
|
FINANCIAL POSITION
(millions)
|
|
Total outstanding shares
|
273,310,379
|
Debt outstanding
|
$600
|
|
QTD weighted avg. shares
|
273,515,023
|
Net debt outstanding
|
$463
|
|
Current Yield
|
4.8%
|
|
|
|
Potential share dilution from options
|
124,338
|
Terminal redemption value of funds
|
$605
|
|
All options % of shares
|
3.4%
|
|
|
* Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel.
|
ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
|
|
Canada
|
38%
|
Asia
|
5%
|
|
United States
|
32%
|
Other
|
4%
|
|
Europe
|
13%
|
Cash
|
8%
|
CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. Its primary operating businesses are
CI Investments Inc., one of Canada's largest investment managers, advisory businesses Assante
Wealth Management and Stonegate Private Counsel, and First Asset Capital Corp., a leader in providing actively managed
exchange-traded funds to the Canadian marketplace. CI is on the Web at www.cifinancial.com.
SOURCE CI Financial Corp.
