CI Financial reports asset growth of 3.1% in January

  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
[phone]