CI Financial reports continued growth in assets under management

TSX Symbol: CIX

TORONTO, April 2, 2013 /CNW/ - CI Financial Corp. ("CI") today reported assets under management as of March 31, 2013 of $80.5 billion, a new month-end record for the company. Total assets were $104.7 billion.

CI's assets under management grew $627 million or 0.8% in the month of March, for the 10^th consecutive month of asset growth, and gained $7.1 billion or 9.7% year over year. In comparison, the S&P/TSX Composite Total Return Index was down 0.2% in March and up 6.1% over the 12-month period.

Average assets under management for the first quarter of 2013 were $78.8 billion, an increase of $4.5 billion or 6.0% over the average for the fourth quarter of 2012 and increase of $6.2 billion or 8.5% over the average for fiscal year 2012. Furthermore, assets under management at March 31, 2013 were 2.1% higher than the average for the first quarter of 2013.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $24.2 billion at March 31, 2013, an increase of 1.0% for the month and 6.1% year over year.

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, 2013 PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS	Mar. 31/13 (millions)	Feb. 28/13 (millions)	% Change	Mar. 31/12 (millions)	% Change
Assets under management	$80,471	$79,844	0.8%	$73,361	9.7%
Assets under administration*	24,228	23,982	1.0%	22,829	6.1%
TOTAL	$104,699	$103,826	0.8%	$96,190	8.8%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT	Mar. 31/13 (millions)	Feb. 28/13 (millions)	% Change
Monthly average	$80,372	$78,823	2.0%

FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT	Ending Mar. 31/13 (millions)	Ending Dec. 31/12 (millions)	% Change
Fiscal quarter average	$78,810	$74,323	6.0%

FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT	Ending Mar. 31/13 (millions)	Fiscal 2012 (millions)	% Change
Fiscal year average	$78,810	$72,606	8.5%

EQUITY		FINANCIAL POSITION (millions)
Total outstanding shares	283,255,119	Debt outstanding	$594
QTD weighted avg. shares	283,147,561	Net debt outstanding	$506
Current Yield	3.6%
Potential share dilution from options	1,334,744	Terminal redemption value of funds	$775
All options % of shares	2.4%

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada	47%	Asia	4%
United States	28%	Other	5%
Europe	11%	Cash	5%

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 Investments Inc.

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