TSX Symbol: CIX
TORONTO, Nov. 1, 2016 /CNW/ - CI Financial Corp. ("CI")
today reported assets under management at October 31, 2016 of $112.2
billion and total assets of $149.4
billion.
Assets under management increased by $4.2
billion or 3.9% year over year and were down 0.3% in the
month of October. Total assets gained $7.1
billion or 5.0% for the 12-month period and declined 0.2% in
October.
Average assets under management for the quarter-to-date were
$112.2 billion, versus $112.3 billion for the third quarter of 2016.
Average assets under management for the year-to-date were
$109.8 billion, a gain of
$1.4 billion or 1.3% from the average
for fiscal year 2015.
CI reported assets under advisement at Assante Wealth Management
(Canada) Ltd. and Stonegate
Private Counsel of $37.2 billion at
October 31, 2016, an increase of
$2.9 billion or 8.5% year over
year.
CI is scheduled to release its financial results for the third
quarter of 2016 on November 3, 2016,
on CNW Group and cifinancial.com.
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.
October 31,
2016
PRELIMINARY
MONTH-END STATISTICS
|
ENDING
ASSETS
|
Oct.
31/16
(millions)
|
Sept.
30/16
(millions)
|
%
Change
|
Oct.
31/15
(millions)
|
%
Change
|
Assets under
management
|
$112,224
|
$112,513
|
-0.3%
|
$107,989
|
3.9%
|
Assets under
advisement*
|
37,196
|
37,214
|
0.0%
|
34,282
|
8.5%
|
TOTAL
|
$149,420
|
$149,727
|
-0.2%
|
$142,271
|
5.0%
|
MONTHLY
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Oct.
31/16
(millions)
|
Sept.
30/16
(millions)
|
%
Change
|
Monthly
average
|
$112,215
|
$112,495
|
-0.2%
|
FISCAL QUARTER
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Ending Oct.
31/16
(millions)
|
Ending Sept.
30/16
(millions)
|
%
Change
|
Fiscal quarter
average
|
$112,215
|
$112,256
|
0.0%
|
FISCAL YEAR
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Ending Oct.
31/16
(millions)
|
Fiscal
2015
(millions)
|
%
Change
|
Fiscal year
average
|
$109,806
|
$108,384
|
1.3%
|
EQUITY
|
FINANCIAL
POSITION
(millions)
|
Total outstanding
shares
|
266,974,668
|
Debt
outstanding
|
$682
|
QTD weighted avg.
shares
|
267,070,508
|
Net debt
outstanding
|
$513
|
Current
Yield
|
5.6%
|
|
|
Potential share
dilution from options
|
45,504
|
Terminal
redemption value of funds
|
$549
|
All options % of
shares
|
3.3%
|
|
|
* Includes assets managed by CI and held by clients of advisors
with Assante and Stonegate Private Counsel.
ESTIMATED
GEOGRAPHIC EXPOSURE OF AUM
|
Canada
|
35%
|
Asia
|
5%
|
United
States
|
35%
|
Other
|
6%
|
Europe
|
13%
|
Cash
|
6%
|
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, 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.