CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, May 1, 2012 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $73.1 billion and total assets of $95.9 billion as of April 30, 2012.

Assets under management decreased 0.3% for the month of April, compared to a decline of 0.6% for the S&P/TSX Composite Index. Assets under management at April 30, 2012 represent an increase of $3.8 billion or 5.4% over the average assets under management for the fourth quarter of 2011 and an increase of 1.2% over the average for the first quarter of 2012.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $22.7 billion at April 30, 2012.

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. April 30, 2012 PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS	Apr. 30/12 (millions)	Mar. 31/12 (millions)	% Change	Apr. 30/11 (millions)	% Change
Assets under management	$73,112	$73,361	-0.3%	$75,619	-3.3%
Assets under administration*	22,742	22,829	-0.4%	23,405	-2.8%
TOTAL	$95,854	$96,190	-0.3%	$99,024	-3.2%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT	Apr. 30/12 (millions)	Mar. 31/12 (millions)	% Change
Monthly average	$72,494	$73,272	-1.1%

QUARTERLY AVERAGE ASSETS UNDER MANAGEMENT	Apr. 30/12 (millions)	Mar. 31/12 (millions)	% Change
Quarterly average	$72,494	$72,262	0.3%

FISCAL AVERAGE ASSETS UNDER MANAGEMENT	Fiscal 2012 (millions)	Fiscal 2011 (millions)	% Change
Fiscal year average	$72,320	$72,186	0.2%

EQUITY		FINANCIAL POSITION (millions)
Total outstanding shares QTD weighted avg. shares Current Yield Potential share dilution from options All options % of shares	283,798,219 283,789,389 4.1% 967,866 2.3%	Debt outstanding Net debt outstanding   Terminal redemption value of funds	$750 $648   $773

* 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. 

 

 

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