TSX Symbol: CIX TORONTO, May 1, 2013 /CNW/ - CI Financial Corp. ("CI") today reported assets under management as of April 30, 2013 of $81.6 billion, an all-time record for the company. Total assets were $105.8 billion. CI's assets under management grew $1.1 billion or 1.4% in the month of April, for the 11(th) consecutive month of asset growth, and gained $8.5 billion or 11.6% year over year. In comparison, the S&P/TSX Composite Total Return Index fell 2.1% in April and was up 4.5% over the 12-month period. Assets under management of $81.6 billion at April 30 represented an increase of $2.8 billion or 3.5% over the average for the first quarter of 2013 and an increase of $9.0 billion or 12.3% over the average for fiscal year 2012. "2013 continues to be an exceptional year for CI, with record assets under management and gross and net sales showing extraordinary growth," said Stephen A. MacPhail, CI President and Chief Executive Officer. "This strength in sales continued in April, with our year-to-date net sales reaching the highest level in 13 years." CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $24.2 billion at April 30, 2013, an increase of 6.9% year over year. CI will report its results for the first quarter of 2013 on Tuesday, May 7, 2013. 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, 2013 | | PRELIMINARY MONTH-END STATISTICS | |_______________________________________________________________| |ENDING ASSETS |Apr. 30/13|Mar. 31/13| % |Apr. 30/12 | % | | |(millions)|(millions)|Change|(millions) |Change| |_______________|__________|__________|______|___________|______| |Assets under | $81,567 | $80,471 | 1.4% | $73,112 |11.6% | |management | | | | | | |_______________|__________|__________|______|___________|______| | Assets under | | | | | | |administration*| 24,238 | 24,222 | 0.1% | 22,672 | 6.9% | |_______________|__________|__________|______|___________|______| |TOTAL | $105,805| $104,693 | 1.1% | $95,784 |10.5% | |_______________|__________|__________|______|___________|______| _____________________________________________________ |MONTHLY AVERAGE |Apr. 30/13 |Mar. 31/13| % | |ASSETS UNDER MANAGEMENT|(millions) |(millions)|Change| |_______________________|___________|__________|______| |Monthly average | $80,294 | $80,372 |-0.1% | |_______________________|___________|__________|______| ____________________________________________________________________ |FISCAL QUARTER AVERAGE |Ending Apr. 30/13 |Ending Mar. 31/13 | % | |ASSETS UNDER MANAGEMENT| (millions) | (millions) |Change| |_______________________|__________________|__________________|______| |Fiscal quarter average | $80,294 | $78,810 | 1.9% | |_______________________|__________________|__________________|______| _____________________________________________________________ |FISCAL YEAR AVERAGE |Ending Apr. 30/13|Fiscal 2012 | % | |ASSETS UNDER MANAGEMENT| (millions) | (millions) |Change| |_______________________|_________________|____________|______| |Fiscal year average | $79,181 | $72,606 | 9.1% | |_______________________|_________________|____________|______| ___________________________________________________________________ |EQUITY | |FINANCIAL POSITION | | | | | | | | | |(millions) | | |________________________|___________|_________________________|____| |Total outstanding shares|283,323,896|Debt outstanding |$568| |________________________|___________|_________________________|____| |QTD weighted avg. shares|283,321,051|Net debt outstanding |$500| |________________________|___________|_________________________|____| |Current Yield | 3.6%| | | |________________________|___________|_________________________|____| |Potential share dilution| 1,239,613|Terminal redemption value|$773| | | |of funds | | |from options | | | | |________________________|___________|_________________________|____| |All options % of shares | 2.2%| | | |________________________|___________|_________________________|____| | | | | | |________________________|___________|_________________________|____| * 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. Stephen A. MacPhail President and Chief Executive Officer CI Financial (416) 364-1145 SOURCE: CI Investments Inc. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2013/01/c2414.html CO: CI FINANCIAL CORP. ST: Ontario NI: FIN FIN -0- May/01/2013 16:57 GMT
CI Financial reports a new high in assets under management
Press spacebar to pause and continue. Press esc to stop.