Canada NewsWire
TORONTO, April 1, 2019
TORONTO, April 1, 2019 /CNW/ - CI Financial Corp. ("CI")
(TSX: CIX) today reported preliminary assets under management at March 31, 2019 of $131.2 billion and total assets of $176.3 billion.
Assets under management increased by 0.8% in the month of March. CI's average assets under management for the first quarter of
2019 were $128.9 billion, versus $129.3 billion for the fourth
quarter of 2018.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate
Private Counsel of $45.1 billion at March 31, 2019, representing an
increase of 1.3% in the month of March and a 5.6% increase 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. These are the only statistics authorized by CI, and CI takes no responsibility for
reporting by any external sources.
|
CI FINANCIAL CORP
March 31, 2019
PRELIMINARY MONTH-END STATISTICS
|
|
ENDING ASSETS
|
March 31/19
(billions)
|
Feb. 28/19
(billions)
|
%
Change
|
March 31/18
(billions)
|
%
Change
|
|
Assets under management
|
$131.2
|
$130.1
|
0.8%
|
$139.2
|
-5.7%
|
|
Assets under advisement1
|
45.1
|
44.5
|
1.3%
|
42.7
|
5.6%
|
|
TOTAL
|
$176.3
|
$174.6
|
1.0%
|
$181.9
|
-3.1%
|
|
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
|
March 31/19
(billions)
|
Feb. 28/19
(billions)
|
%
Change
|
|
Monthly average
|
$131.2
|
$129.2
|
1.5%
|
|
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Mar. 31/19
(billions)
|
Ending Dec. 31/18
(billions)
|
%
Change
|
|
Fiscal quarter average
|
$128.9
|
$129.3
|
-0.3%
|
|
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
|
Fiscal 2019
(billions)
|
Fiscal 2018
(billions)
|
%
Change
|
|
Fiscal year average
|
$128.9
|
$137.2
|
-6.0%
|
|
EQUITY
(millions)
|
FINANCIAL POSITION
(millions)
|
|
Total outstanding shares (TSX)
|
241.5
|
Debt outstanding
|
$1,533
|
|
QTD weighted avg. shares
|
241.9
|
Net debt outstanding
|
$1,290
|
|
Current Yield
|
4.0%
|
Terminal redemption value of funds
|
$321
|
|
1 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 company offering global asset management and wealth management
advisory services. Its primary operating businesses are CI Investments Inc., Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, 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.
View original content: http://www.newswire.ca/en/releases/archive/April2019/01/c8329.html