TSX Symbol: CIX
TORONTO, Nov. 1, 2016 /CNW/ - CI Financial Corp. ("CI") today
reported assets under management at October 31, 2016 of $112.2 billion
and total assets of $149.4 billion.
Assets under management increased by $4.2 billion or 3.9% year over year and were down 0.3% in the
month of October. Total assets gained $7.1 billion or 5.0% for the 12-month period and declined 0.2%
in October.
Average assets under management for the quarter-to-date were $112.2 billion, versus $112.3 billion for the third quarter of 2016. Average assets under management for the year-to-date were
$109.8 billion, a gain of $1.4 billion or 1.3% from the average for
fiscal year 2015.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate
Private Counsel of $37.2 billion at October 31, 2016, an increase of
$2.9 billion or 8.5% year over year.
CI is scheduled to release its financial results for the third quarter of 2016 on November 3,
2016, on CNW Group and 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.
October 31, 2016
PRELIMINARY MONTH-END STATISTICS
|
|
ENDING ASSETS
|
Oct. 31/16
(millions)
|
Sept. 30/16
(millions)
|
%
Change
|
Oct. 31/15
(millions)
|
%
Change
|
|
Assets under management
|
$112,224
|
$112,513
|
-0.3%
|
$107,989
|
3.9%
|
|
Assets under advisement*
|
37,196
|
37,214
|
0.0%
|
34,282
|
8.5%
|
|
TOTAL
|
$149,420
|
$149,727
|
-0.2%
|
$142,271
|
5.0%
|
|
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
|
Oct. 31/16
(millions)
|
Sept. 30/16
(millions)
|
%
Change
|
|
Monthly average
|
$112,215
|
$112,495
|
-0.2%
|
|
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Oct. 31/16
(millions)
|
Ending Sept. 30/16
(millions)
|
%
Change
|
|
Fiscal quarter average
|
$112,215
|
$112,256
|
0.0%
|
|
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Oct. 31/16
(millions)
|
Fiscal 2015
(millions)
|
%
Change
|
|
Fiscal year average
|
$109,806
|
$108,384
|
1.3%
|
|
EQUITY
|
FINANCIAL POSITION
(millions)
|
|
Total outstanding shares
|
266,974,668
|
Debt outstanding
|
$682
|
|
QTD weighted avg. shares
|
267,070,508
|
Net debt outstanding
|
$513
|
|
Current Yield
|
5.6%
|
|
|
|
Potential share dilution from options
|
45,504
|
Terminal redemption value of funds
|
$549
|
|
All options % of shares
|
3.3%
|
|
|
* Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel.
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ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
|
|
Canada
|
35%
|
Asia
|
5%
|
|
United States
|
35%
|
Other
|
6%
|
|
Europe
|
13%
|
Cash
|
6%
|
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.
