CI Financial reports continued growth in assets under management

TSX Symbol: CIX

TORONTO, Nov. 1, 2012 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $74.2 billion and total assets of $97.0 billion as of October 31, 2012.

Assets under management rose by 0.5% in the month of October, for the fourth consecutive month of growth. On a year-over-year basis, assets under management were up by $3.8 billion or 5.4%.

Assets under management at October 31, 2012 of $74.2 billion represented an increase of $1.8 billion or 2.5% over the average assets under management for the third quarter of 2012 and an increase of $2.0 billion or 2.8% over the average for fiscal 2011.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $22.7 billion at October 31, 2012, representing an increase of 0.6% for the month and 3.5% for the 12-month period.

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 also will report its financial results for the quarter ending September 30, 2012 on Tuesday, November 6, on Canada Newswire and www.cifinancial.com.

CI FINANCIAL CORP. October 31, 2012 PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS	Oct. 31/12 (millions)	Sep. 30/12 (millions)	% Change	Oct. 31/11 (millions)	% Change
Assets under management	$74,224	$73,866	0.5%	$70,427	5.4%
Assets under administration*	22,736	22,611	0.6%	21,975	3.5%
TOTAL	$96,960	$96,477	0.5%	$92,402	4.9%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT	Oct. 31/12 (millions)	Sep. 30/12 (millions)	% Change
Monthly average	$74,024	$73,449	0.8%

FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT	Ending Oct. 31/12 (millions)	Ending Sep. 30/12 (millions)	% Change
Fiscal quarter average	$74,024	$72,437	2.2%

FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT	Fiscal 2012 (millions)	Fiscal 2011 (millions)	% Change
Fiscal year average	$72,233	$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	283,074,620 283,085,217 4.1% 848,677 2.3%	Debt outstanding Net debt outstanding   Terminal redemption value of funds	$750 $551   $787

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada	50%	Asia	4%
United States	27%	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. CI is on the Web at www.cifinancial.com.

 

 

 

 

SOURCE: CI Investments Inc.

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