TSX Symbol: CIX
TORONTO, May 1, 2017 /CNW/ - CI Financial Corp. ("CI")
today reported preliminary assets under management at April 30, 2017 of $123.1
billion and total assets of $163.6
billion.
Assets under management grew by $14.8
billion or 13.7% year over year, and increased by
$2.4 billion, or 2.0% in the month of
April. Total assets gained $20.6
billion or 14.4% for the 12-month period and were up
$3.2 billion or 2.0% in the month of
April.
CI's average assets under management for the quarter-to-date
were $121.6 billion, versus
$119.4 billion for the first quarter
of 2017. Average assets under management for the year-to-date were
$120.0 billion, a gain of
$9.1 billion or 8.2% from the average
fiscal year 2016.
CI reported assets under advisement at Assante Wealth Management
(Canada) Ltd. and Stonegate
Private Counsel of $40.5 billion at
April 30, 2017, representing an
increase of $5.8 billion or 16.7%
year over year.
CI is scheduled to release its financial results for the first
quarter of 2017 on May 11, 2017, on
CNW Group and cifinancial.com.
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.
April 30,
2017
PRELIMINARY
MONTH-END STATISTICS
|
ENDING
ASSETS
|
Apr.
30/17(billions)
|
Mar.
31/17(billions)
|
%Change
|
Apr. 30/16
(billions)
|
%Change
|
Assets under
management
|
$123.1
|
$120.7
|
2.0%
|
$108.3
|
13.7%
|
Assets under
advisement*
|
40.5
|
39.7
|
2.0%
|
34.7
|
16.7%
|
TOTAL
|
$163.6
|
$160.4
|
2.0%
|
$143.0
|
14.4%
|
MONTHLY
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Apr. 30/17
(billions)
|
Mar. 31/17
(billions)
|
% Change
|
Monthly
average
|
$121.6
|
$120.9
|
0.6%
|
FISCAL QUARTER
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Ending Apr.
30/17
(billions)
|
Ending Mar.
31/17
(billions)
|
% Change
|
Fiscal quarter
average
|
$121.6
|
$119.4
|
1.8%
|
FISCAL YEAR
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Ending Apr.
30/17
(billions)
|
Fiscal
2016 (billions)
|
% Change
|
Fiscal year
average
|
$120.0
|
$110.9
|
8.2%
|
EQUITY
|
FINANCIAL
POSITION
(millions)
|
Total outstanding
shares
|
261,848,278
|
Debt
outstanding
|
$868
|
QTD weighted avg.
shares
|
262,292,214
|
Net debt
outstanding
|
$659
|
Current
Yield
|
5.2%
|
Terminal
redemption value of funds
|
$481
|
* 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.