CI Financial reports asset growth of 1.8% in May

TSX Symbol: CIX

TORONTO, June 3, 2013 /CNW/ - CI Financial Corp. ("CI") today reported assets under management as of May 31, 2013 of $83.0 billion, a month-end record for the company. Total assets were $107.7 billion.

CI's assets under management grew $1.4 billion or 1.8% in the month of May, for the 12^th consecutive month of asset growth, and gained $12.5 billion or 17.7% year over year. In comparison, the S&P/TSX Composite Total Return Index gained 1.8% in May and 13.4% over the 12-month period.

Assets under management of $83.0 billion at May 31 represented an increase of $4.2 billion or 5.3% over the average assets under management for the first quarter of 2013 and an increase of $10.4 billion or 14.3% over the average for fiscal year 2012.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $24.7 billion at May 31, 2013, an increase of 12.7% year over year.

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. May 31, 2013 PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS	May 31/13 (millions)	Apr. 30/13 (millions)	% Change	May 31/12 (millions)	% Change
Assets under management	$83,009	$81,567	1.8%	$70,532	17.7%
Assets under administration*	24,708	24,318	1.6%	21,933	12.7%
TOTAL	$107,717	$105,885	1.7%	$92,465	16.5%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT	May 31/13 (millions)	Apr. 30/13 (millions)	% Change
Monthly average	$82,872	$80,294	3.2%

FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT	Ending May 31/13 (millions)	Ending Mar. 31/13 (millions)	% Change
Fiscal quarter average	$81,604	$78,810	3.5%

FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT	Ending May 31/13 (millions)	Fiscal 2012 (millions)	% Change
Fiscal year average	$79,939	$72,606	10.1%

EQUITY		FINANCIAL POSITION (millions)
Total outstanding shares QTD weighted avg. shares Current Yield Potential share dilution from options All options % of shares	283,586,945 283,405,609 3.6% 1,348,823 2.1%	Debt outstanding Net debt outstanding   Terminal redemption value of funds	$554 $485   $772

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada	45%	Asia	4%
United States	29%	Other	6%
Europe	12%	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 Investments Inc.

Stephen A. MacPhail
President and Chief Executive Officer
CI Financial
[phone]