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CI Financial reports assets under management

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TSX Symbol: CIX

TORONTO, Sept. 6, 2017 /CNW/ - CI Financial Corp. ("CI") today reported preliminary assets under management at August 31, 2017 of $120.5 billion and total assets of $160.7 billion.

Assets under management grew by $8.1 billion or 7.2% year over year, and increased 0.2% in the month of August. Total assets gained $11.3 billion or 7.6% for the 12-month period and grew by 0.2% in the month of August.

CI's average assets under management for the quarter-to-date were $120.5 billion, versus $122.7 billion for the second quarter of 2017. Average assets under management for the year-to-date were $120.9 billion, a gain of $10.0 billion or 9.0% from the average for fiscal 2016.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $40.2 billion at August 31, 2017, representing an increase of $3.2 billion or 8.6% 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.

August 31, 2017

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Aug. 31/17

(billions)

July 31/17

 (billions)

%

Change

Aug. 31/16
(billions)

%

Change

Assets under management

$120.5

$120.2

0.2%

$112.4

7.2%

Assets under advisement*

40.2

40.1

0.2%

37.0

8.6%

TOTAL

$160.7

$160.3

0.2%

$149.4

7.6%

 

MONTHLY AVERAGE

ASSETS UNDER MANAGEMENT

Aug. 31/17

(billions)

July 31/17

 (billions)

%

Change

Monthly average

$120.4

$120.5

-0.1%

                               

FISCAL QUARTER AVERAGE

ASSETS UNDER MANAGEMENT

Ending Aug. 31/17

(billions)

Ending June 30/17

(billions)

%

Change

Fiscal quarter average

$120.5

$122.7

-1.8%

 

FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Ending Aug. 31/17

(billions)

Fiscal 2016

(billions)

%

Change

Fiscal year average

$120.9

$110.9

9.0%

 

EQUITY

 

FINANCIAL POSITION

(millions)       

Total outstanding shares

257,261,847

Debt outstanding

$932

QTD weighted avg. shares

258,215,429

Net debt outstanding

$722

Current Yield

5.2%

Terminal redemption value of funds

$447


* 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.

View original content: http://www.newswire.ca/en/releases/archive/September2017/06/c8059.html

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