TSX Symbol: CIX
TORONTO, Dec. 1, 2016 /CNW/ - CI Financial Corp. ("CI")
today reported assets under management at November 30, 2016 of $117.0 billion and total assets of $154.6 billion.
Assets under management increased by $8.7
billion or 8.0% year over year and by $4.8 billion or 4.3% in the month of November.
Total assets gained $11.7 billion or
8.2% for the 12-month period and were up $5.2 billion or 3.5% in November.
CI's assets now include the assets under management of Grant
Samuel Funds Management ("GSFM") of Sydney, Australia, a firm in which CI acquired
an 80% stake on November 15, 2016.
GSFM is a leading manager and distributor of investment strategies
and products in the Australian and New
Zealand markets with assets under management in excess of
A$6 billion.
CI's average assets under management for the quarter-to-date
were $113.5 billion, versus
$112.3 billion for the third quarter
of 2016. Average assets under management for the year-to-date were
$110.3 billion, a gain of
$1.9 billion or 1.8% from the average
for fiscal year 2015.
CI reported assets under advisement at Assante Wealth Management
(Canada) Ltd. and Stonegate
Private Counsel of $37.6 billion at
November 30, 2016, representing an
increase of $3.0 billion or 8.7% year
over year and 1.1% for the month of November.
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.
November 30,
2016
PRELIMINARY
MONTH-END STATISTICS
|
|
ENDING
ASSETS
|
Nov.
30/16
(billions)
|
Oct.
31/16
(billions)
|
%
Change
|
Nov. 30/15
(billions)
|
%
Change
|
|
Assets under
management
|
$117.0
|
$112.2
|
4.3%
|
$108.3
|
8.0%
|
|
Assets under
advisement*
|
37.6
|
37.2
|
1.1%
|
34.6
|
8.7%
|
|
TOTAL
|
$154.6
|
$149.4
|
3.5%
|
$142.9
|
8.2%
|
|
MONTHLY
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Nov.
30/16
(billions)
|
Oct.
31/16
(billions)
|
%
Change
|
|
Monthly
average
|
$114.9
|
$112.2
|
2.4%
|
|
FISCAL QUARTER
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Ending Nov.
30/16
(billions)
|
Ending Sept.
30/16
(billions)
|
%
Change
|
|
Fiscal quarter
average
|
$113.5
|
$112.3
|
1.1%
|
|
FISCAL YEAR
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Ending Nov.
30/16
(billions)
|
Fiscal
2015
(billions)
|
%
Change
|
|
Fiscal year
average
|
$110.3
|
$108.4
|
1.8%
|
|
EQUITY
|
FINANCIAL
POSITION
(millions)
|
|
Total outstanding
shares
|
266,370,442
|
Debt
outstanding
|
$768
|
|
QTD weighted avg.
shares
|
266,917,087
|
Net debt
outstanding
|
$594
|
|
Current
Yield
|
5.2%
|
|
|
|
Potential share
dilution from options
|
68,896
|
Terminal
redemption value of funds
|
$539
|
|
All options % of
shares
|
3.3%
|
|
|
* 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 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.