CI Financial reports assets under management for March 2018

TSX Symbol: CIX

TORONTO, April 2, 2018 /CNW/ - CI Financial Corp. ("CI") today reported preliminary assets under management at March 31, 2018 of $139.1 billion and total assets of $181.4 billion.

Assets under management grew by $18.4 billion or 15.2% year over year, and decreased 1.2% in the month of March. Total assets gained $21 billion or 13.1% for the 12-month period, and decreased by 1.2% in the month of March.

CI's average assets under management for the first quarter of 2018 were $141.9 billion, a decrease of 0.4% from the fourth quarter of 2017, and a gain of $15.6 billion or 12.4% from the average for fiscal 2017.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $42.3 billion at March 31, 2018, representing an increase of $2.6 billion or 6.5% year over year.

CI will hold its annual general meeting of shareholders on June 18, 2018 in Toronto at 2:00 p.m. EDT. The meeting will be held at CI's offices, located at 15 York Street, on the second floor.

Further information about CI's assets and financial position can be found below in the tables of statistics and on its website, www.cifinancial.com, in the Share Information 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, 2018 PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS	March 31/18 (billions)	Feb. 28/18 (billions)	% Change	March 31/17 (billions)	% Change
Assets under management	$139.1	$140.8	-1.2%	$120.7	15.2%
Assets under advisement*	42.3	42.8	-1.2%	39.7	6.5%
TOTAL	$181.4	$183.6	-1.2%	$160.4	13.1%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT	March 31/18 (billions)	Feb. 28/18 (billions)	% Change
Monthly average	$140.7	$140.3	0.3%

                               

FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT	Ending March 31/18 (billions)	Ending Dec. 31/17 (billions)	% Change
Fiscal quarter average	$141.9	$142.5	-0.4%

FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT	Fiscal 2018 (billions)	Fiscal 2017 (billions)	% Change
Fiscal year average	$141.9	$126.3	12.4%

EQUITY		FINANCIAL POSITION (millions)
Total outstanding shares	267,059,252	Debt outstanding	$1,370
QTD weighted avg. shares	268,357,839	Net debt outstanding	$1,063
Current Yield	5.1%	Terminal redemption value of funds	$383

* Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel. 

CI Financial Corp. (TSX: CIX) is an independent Canadian company offering global asset management and wealth management advisory services. Its primary operating businesses are CI Investments Inc., Sentry Investments Inc., Assante Wealth Management (Canada) Ltd., Stonegate Private Counsel, Grant Samuel Funds Management Pty Ltd. of Australia, First Asset Investment Management Inc., and BBS Securities Inc. Further information is available at www.cifinancial.com.

SOURCE CI Financial Corp.

Investor Relations, CI Financial Corp., [phone]

Related Links

http://www.ci.com