TSX Symbol: CIX
TORONTO, June 1, 2017 /CNW/ - CI Financial Corp.
("CI") today reported preliminary assets under management at
May 31, 2017 of $123.3 billion and total assets of $164.0 billion.
Assets under management grew by $12.7
billion or 11.5% year over year, and increased slightly in
the month of May. Total assets gained $17.8
billion or 12.2% for the 12-month period and were up 0.2% in
May.
CI's average assets under management for the quarter-to-date
were $122.5 billion, up $3.1 billion or 2.6% from the first quarter of
2017. Average assets under management for the year-to-date were
$120.7 billion, a gain of
$9.8 billion or 8.8% from the average
for fiscal year 2016.
CI reported assets under advisement at Assante Wealth Management
(Canada) Ltd. and Stonegate
Private Counsel of $40.7 billion at
May 31, 2017, representing an
increase of $5.1 billion or 14.3%
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.
May 31,
2017
PRELIMINARY
MONTH-END STATISTICS
|
|
ENDING
ASSETS
|
May
31/17
(billions)
|
Apr.
30/17
(billions)
|
%
Change
|
May 31/16
(billions)
|
%
Change
|
|
Assets under
management
|
$123.3
|
$123.2
|
0.1%
|
$110.6
|
11.5%
|
|
Assets under
advisement*
|
40.7
|
40.5
|
0.5%
|
35.6
|
14.3%
|
|
TOTAL
|
$164.0
|
$163.7
|
0.2%
|
$146.2
|
12.2%
|
|
MONTHLY
AVERAGE
ASSETS UNDER
MANAGEMENT
|
May 31/17
(billions)
|
Apr. 30/17
(billions)
|
%
Change
|
|
Monthly
average
|
$123.4
|
$121.6
|
1.5%
|
|
FISCAL QUARTER
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Ending May
31/17
(billions)
|
Ending Mar.
31/17
(billions)
|
%
Change
|
|
Fiscal quarter
average
|
$122.5
|
$119.4
|
2.6%
|
|
FISCAL YEAR
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Ending May
31/17
(billions)
|
Fiscal
2016
(billions)
|
%
Change
|
|
Fiscal year
average
|
$120.7
|
$110.9
|
8.8%
|
|
EQUITY
|
FINANCIAL
POSITION
(millions)
|
|
Total outstanding
shares
|
260,953,017
|
Debt
outstanding
|
$896
|
|
QTD weighted avg.
shares
|
261,944,649
|
Net debt
outstanding
|
$690
|
|
Current
Yield
|
5.3%
|
|
|
|
|
Terminal
redemption value of funds
|
$471
|
|
|
|
|
|
* 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.