TORONTO, July 2, 2019 /CNW/ - CI Financial Corp. ("CI")
(TSX: CIX) today reported preliminary assets under management at
June 30, 2019 of $130.0 billion and total assets of $176.7 billion.
Assets under management increased by 1.1% in the month of June.
CI's average assets under management for the second quarter were
$131.1 billion, an increase of 1.7%,
or $2.2 billion versus $128.9 billion for the first quarter of 2019.
CI reported assets under advisement of $46.7 billion at June 30,
2019. This includes assets at Assante Wealth Management
(Canada) Ltd., Stonegate Private
Counsel and since January 2019,
WealthBar Financial Services Inc. These assets increased 2.2% in
the month of June and increased 6.9% 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. These are the only statistics authorized by
CI, and CI takes no responsibility for reporting by any external
sources.
|
CI FINANCIAL
CORP.
June 30,
2019
PRELIMINARY
MONTH-END STATISTICS
|
|
ENDING
ASSETS
|
June 30/19
(billions)
|
May 31/19
(billions)
|
%
Change
|
June 30/18
(billions)
|
%
Change
|
|
Assets under
management
|
$130.0
|
$128.6
|
1.1%
|
$138.2
|
-5.9%
|
|
Assets under
advisement1
|
46.7
|
45.7
|
2.2%
|
43.7
|
6.9%
|
|
TOTAL
|
$176.7
|
$174.3
|
1.4%
|
$181.9
|
-2.9%
|
|
MONTHLY
AVERAGE
ASSETS UNDER
MANAGEMENT
|
June 30/19
(billions)
|
May 31/19
(billions)
|
%
Change
|
|
Monthly
average
|
$129.9
|
$130.6
|
-0.5%
|
|
FISCAL QUARTER
AVERAGE
ASSETS UNDER
MANAGEMENT
|
June
30/19
(billions)
|
March
31/19
(billions)
|
%
Change
|
|
Fiscal quarter
average
|
$131.1
|
$128.9
|
1.7%
|
|
FISCAL YEAR
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Fiscal
2019
(billions)
|
Fiscal
2018
(billions)
|
%
Change
|
|
Fiscal year
average
|
$130.0
|
$137.2
|
-5.2%
|
|
EQUITY
(millions)
|
FINANCIAL
POSITION
(millions)
|
|
Total outstanding
shares (TSX)
|
236.8
|
Debt
outstanding
|
$1,530
|
|
QTD weighted avg.
shares
|
238.3
|
Net debt
outstanding
|
$1,274
|
|
|
1 Includes assets managed by CI and
held by clients of advisors with Assante, Stonegate Private Counsel
and WealthBar.
|
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, GSFM Pty Ltd., WealthBar Financial
Services Inc., and BBS Securities Inc. Further information is
available at www.cifinancial.com.
SOURCE CI Financial Corp.