TSX Symbol: CIX
TORONTO, Jan. 3, 2017 /CNW/ - CI Financial Corp. ("CI")
today reported preliminary assets under management at December 31, 2016 of $117.5 billion and total assets of $155.6 billion.
Assets under management grew by $6.4
billion or 5.8% in 2016 and increased 0.3% in the month of
December. Total assets gained $9.9
billion or 6.8% for the 12-month period and were up 0.5% in
December.
CI's average assets under management for the fourth quarter were
$114.8 billion, versus $112.3 billion for the third quarter of 2016.
Average assets under management for fiscal year 2016 were
$110.9 billion, a gain of
$2.5 billion or 2.3% from the average
for fiscal 2015.
CI reported assets under advisement at Assante Wealth Management
(Canada) Ltd. and Stonegate
Private Counsel of $38.1 billion at
December 31, 2016, representing an
increase of $3.5 billion or 10.1%
year over year and 1.1% for the month of December.
CI is scheduled to release its financial results for the fourth
quarter and fiscal year 2016 on February 16,
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. December 31,
2016 PRELIMINARY
MONTH-END STATISTICS
|
ENDING
ASSETS
|
Dec.
31/16 (billions)
|
Nov.
30/16 (billions)
|
% Change
|
Dec. 31/15
(billions)
|
% Change
|
Assets under
management
|
$117.5
|
$117.1
|
0.3%
|
$111.1
|
5.8%
|
Assets under
advisement*
|
38.1
|
37.7
|
1.1%
|
34.6
|
10.1%
|
TOTAL
|
$155.6
|
$154.8
|
0.5%
|
$145.7
|
6.8%
|
MONTHLY
AVERAGE ASSETS UNDER
MANAGEMENT
|
Dec. 31/16
(billions)
|
Nov. 30/16
(billions)
|
% Change
|
Monthly
average
|
$117.2
|
$114.9
|
2.0%
|
FISCAL QUARTER
AVERAGE ASSETS UNDER
MANAGEMENT
|
Ending Dec.
31/16
(billions)
|
Ending Sept.
30/16
(billions)
|
% Change
|
Fiscal quarter
average
|
$114.8
|
$112.3
|
2.2%
|
FISCAL YEAR
AVERAGE ASSETS UNDER
MANAGEMENT
|
Ending Dec.
31/16
(billions)
|
Fiscal
2015 (billions)
|
% Change
|
Fiscal year
average
|
$110.9
|
$108.4
|
2.3%
|
EQUITY
|
FINANCIAL
POSITION (millions)
|
Total outstanding
shares
|
265,302,141
|
Debt
outstanding
|
$762
|
QTD weighted avg.
shares
|
266,522,492
|
Net debt
outstanding
|
$576
|
Current
Yield
|
4.8%
|
|
|
Potential share
dilution from options
|
165,977
|
Terminal
redemption value of funds
|
$530
|
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.