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CI Financial reports asset growth of 3.1% in January

Friday, February 1, 2013 5:27 PM


  TSX Symbol: CIX

TORONTO, Feb. 1, 2013 /CNW/ - CI Financial Corp. ("CI") today reported assets under management as of January 31, 2013 of $78.1 billion and total assets of $101.7 billion. This represents a new month-end record for CI's assets under management.

CI's assets under management gained $2.4 billion or 3.1% in the month of January and rose $6.6 billion or 9.3% on a year-over-year basis. In comparison, the S&P/TSX Composite Total Return Index gained 2.3% in January and 5.0% over the 12-month period.

Assets under management at January 31, 2013 of $78.1 billion represented an increase of $3.8 billion or 5.1% over the average assets under management for the fourth quarter of 2012 and an increase of $5.5 billion or 7.6% over the average for fiscal year 2012.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $23.6 billion at January 31, 2013, an increase of 6.6% year over year.

CI will release its financial results for the year and quarter ended December 31, 2012 on Thursday, February 14, 2013 on CNW Group Ltd. and www.ci.financial.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.
January 31, 2013
PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS Jan. 31/13
(millions)
Dec. 31/12
(millions)
%
Change
Jan. 31/12
(millions)
%
Change
Assets under management $78,100 $75,723 3.1% $71,457 9.3%
Assets under administration* 23,636 23,199 1.9% 22,168 6.6%
TOTAL $101,736 $98,922 2.8% $93,625 8.7%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Jan. 31/13
(millions)
Dec. 31/12
(millions)
%
Change
Monthly average $77,236 $75,131 2.8%

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Jan. 31/13
(millions)
Ending Dec. 31/12
(millions)
%
Change
Fiscal quarter average $77,236 $74,323 3.9%

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Fiscal 2013
(millions)
Fiscal 2012
(millions)
%
Change
Fiscal year average $77,236 $72,606 6.4%

EQUITY FINANCIAL POSITION
(millions)   
Total outstanding shares
QTD weighted avg. shares
Current yield
Potential share dilution from options
All options % of shares
 
283,192,638
283,000,404
3.6%
1,185,696
1.8%
 
Debt outstanding
Net debt outstanding
 
Terminal redemption value of funds
 
 
$576
$504
 
$779
 
 

* Includes CI and United Financial funds administered by Assante advisors.

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada       49% Asia        4%
United States       28% Other        5%
Europe       10% Cash        4%

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.cifinancial.com.

 

SOURCE: CI Financial Corp.

Stephen A. MacPhail
President and Chief Executive Officer
CI Financial
(416) 364-1145

(Source: CNW )
(Source: Quotemedia)

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