Canada NewsWire
TORONTO, Sept. 6, 2017
TSX Symbol: CIX
TORONTO, Sept. 6, 2017 /CNW/ - CI Financial Corp. ("CI") today
reported preliminary assets under management at August 31, 2017 of $120.5
billion and total assets of $160.7 billion.
Assets under management grew by $8.1 billion or 7.2% year over year, and increased 0.2% in the
month of August. Total assets gained $11.3 billion or 7.6% for the 12-month period and grew by 0.2%
in the month of August.
CI's average assets under management for the quarter-to-date were $120.5 billion, versus
$122.7 billion for the second quarter of 2017. Average assets under management for the year-to-date
were $120.9 billion, a gain of $10.0 billion or 9.0% from the average
for fiscal 2016.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate
Private Counsel of $40.2 billion at August 31, 2017, representing an
increase of $3.2 billion or 8.6% year over year.
Additional information about CI's assets and financial position can be found below in the tables of 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.
August 31, 2017
PRELIMINARY MONTH-END STATISTICS
|
|
ENDING ASSETS
|
Aug. 31/17
(billions)
|
July 31/17
(billions)
|
%
Change
|
Aug. 31/16
(billions)
|
%
Change
|
|
Assets under management
|
$120.5
|
$120.2
|
0.2%
|
$112.4
|
7.2%
|
|
Assets under advisement*
|
40.2
|
40.1
|
0.2%
|
37.0
|
8.6%
|
|
TOTAL
|
$160.7
|
$160.3
|
0.2%
|
$149.4
|
7.6%
|
|
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
|
Aug. 31/17
(billions)
|
July 31/17
(billions)
|
%
Change
|
|
Monthly average
|
$120.4
|
$120.5
|
-0.1%
|
|
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Aug. 31/17
(billions)
|
Ending June 30/17
(billions)
|
%
Change
|
|
Fiscal quarter average
|
$120.5
|
$122.7
|
-1.8%
|
|
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Aug. 31/17
(billions)
|
Fiscal 2016
(billions)
|
%
Change
|
|
Fiscal year average
|
$120.9
|
$110.9
|
9.0%
|
|
EQUITY
|
FINANCIAL POSITION
(millions)
|
|
Total outstanding shares
|
257,261,847
|
Debt outstanding
|
$932
|
|
QTD weighted avg. shares
|
258,215,429
|
Net debt outstanding
|
$722
|
|
Current Yield
|
5.2%
|
Terminal redemption value of funds
|
$447
|
|
|
* Includes assets managed by CI and held by clients of advisors with
Assante and Stonegate Private Counsel.
|
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, Grant Samuel Funds Management of Australia, and First Asset Investment Management, 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.
View original content: http://www.newswire.ca/en/releases/archive/September2017/06/c8059.html