CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, April 2, 2012 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $73.4 billion and total assets of $96.2 billion as of March 31, 2012.

Assets under management increased 0.1% for the month of March, compared to a decline of 1.6% for the S&P/TSX Composite Index. For the first quarter of 2012, CI had average assets under management of $72.3 billion, up $2.9 billion or 4.2% over the average for the fourth quarter of 2011.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $22.8 billion.

In other developments in March, CI Investments Inc. was named the winner of a 2012 Internet Advertising Competition Award for CI Mobile, a new iPad app that offers convenient mobile access to information about CI Investments and its products, including up-to-date prices, performance and portfolio manager commentary. CI Investments was the winner of the award for best investment mobile application. CI Mobile is available free at the Apple App Store.

CI is scheduled to release its financial results for the first quarter on May 8, 2012.

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. March 31, 2012 PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS	March 31/12 (millions)	Feb. 29/12 (millions)	% Change	March 31/11 (millions)	% Change
Assets under management	$73,355	$73,248	0.1%	$75,455	-2.8%
Assets under administration*	22,817	22,761	0.2%	23,330	-2.2%
TOTAL	$96,172	$96,009	0.2%	$98,785	-2.6%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT	March 31/12 (millions)	Feb. 29/12 (millions)	% Change
Monthly average	$73,272	$72,666	0.8%

QUARTERLY AVERAGE ASSETS UNDER MANAGEMENT	March 31/12 (millions)	Dec. 31/11 (millions)	% Change
Quarterly average	$72,262	$69,349	4.2%

FISCAL AVERAGE ASSETS UNDER MANAGEMENT	Fiscal 2012 (millions)	Fiscal 2011 (millions)	% Change
Fiscal year average	$72,262	$72,186	0.1%

EQUITY		FINANCIAL POSITION (millions)
Total outstanding shares QTD weighted avg. shares Current Yield Potential share dilution from options All options % of shares	283,707,655 283,684,272 4.2% 815,828 2.4%	Debt outstanding Net debt outstanding Terminal redemption value of funds	$750 $649 $776

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada	51%	Asia	3%
United States	22%	Other	4%
Europe	9%	Cash	11%

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. CI is on the Web at www.cifinancial.com.

App Store and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. 

 

 

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