Canada NewsWire
TORONTO, July 4, 2018
TSX Symbol: CIX
TORONTO, July 4, 2018 /CNW/ - CI Financial Corp. ("CI") today
reported preliminary assets under management at June 30, 2018 of $139.2
billion and total assets of $182.7 billion.
Assets under management grew by $18.1 billion or 14.9% year over year, and decreased 0.1% in the
month of June. Total assets gained $21.3 billion or 13.2% for the 12-month period, and were
unchanged through the month of June.
CI's average assets under management for the second quarter were $139.5 billion, a decrease of
1.7% from the first quarter of 2018. Average assets under management for the year-to-date were $140.7
billion, a gain of $14.4 billion or 11.4% from the average for fiscal 2017.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate
Private Counsel of $43.5 billion at June 30, 2018, representing an
increase of $3.2 billion or 7.9% year over year.
Further 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 Share Information
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.
June 30, 2018
PRELIMINARY MONTH-END STATISTICS
|
|
ENDING ASSETS
|
June 30/18 (billions)
|
May 31/18 (billions)
|
% Change
|
June 30/17 (billions)
|
% Change
|
|
Assets under management
|
$139.2
|
$139.4
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-0.1%
|
$121.1
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14.9%
|
|
Assets under advisement1
|
43.5
|
43.3
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0.5%
|
40.3
|
7.9%
|
|
TOTAL
|
$182.7
|
$182.7
|
0.0%
|
$161.4
|
13.2%
|
|
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
|
June 30/18
(billions)
|
May 31/18
(billions)
|
%
Change
|
|
Monthly average
|
$140.6
|
$139.4
|
0.9%
|
|
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending June 30/18
(billions)
|
Ending Mar. 31/18
(billions)
|
%
Change
|
|
Fiscal quarter average
|
$139.5
|
$141.9
|
-1.7%
|
|
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
|
Fiscal 2018
(billions)
|
Fiscal 2017
(billions)
|
%
Change
|
|
Fiscal year average
|
$140.7
|
$126.3
|
11.4%
|
|
EQUITY
(millions)
|
FINANCIAL POSITION
(millions)
|
|
Total outstanding shares
|
260.6
|
Debt outstanding
|
$1,432
|
|
QTD weighted avg. shares
|
264.1
|
Net debt outstanding
|
$1,167
|
|
Current Yield
|
6.0%
|
Terminal redemption value of funds
|
$358
|
|
1 Includes assets managed by CI and held by clients of advisors
with Assante and Stonegate Private Counsel.
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CI Financial Corp. (TSX: CIX) is an independent Canadian company offering global asset management and wealth management
advisory services. Its primary operating businesses are CI Investments Inc., Assante Wealth Management (Canada) Ltd., Stonegate Private Counsel, Grant Samuel Funds Management Pty Ltd. of Australia, First Asset Investment Management Inc., and BBS Securities Inc. Further information is available
at www.cifinancial.com.
SOURCE CI Financial Corp.
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