TSX Symbol: CIX TORONTO, July 3, 2014 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at June 30, 2014 of $99.9 billion and total assets of $128.9 billion. CI's assets under management grew by $18.2 billion or 22.3% year over year and were up $1.6 billion or 1.7% in the month of June, for the 12(th) consecutive month of asset growth. Total assets were up $22.8 billion or 21.5% for the year and $2.0 billion or 1.6% in June. Assets under management and total assets at June 30 represented new month-end records for CI. Average assets under management for the quarter ending June 30, 2014 were $97.9 billion, an increase of $4.4 billion or 4.7% over the average for the first quarter of 2014 and an increase of $14.6 billion or 17.5% over the average for fiscal 2013. CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $29.0 billion at June 30, 2014, an increase of 18.9% year over year. "CI achieved a new milestone earlier in June when we reached $100 billion in assets under management, an accomplishment driven by continued strong performance and net sales," said Stephen A. MacPhail, CI President and Chief Executive Officer. 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. | | June 30, 2014 | | PRELIMINARY MONTH-END STATISTICS | |______________________________________________________________| |ENDING ASSETS |June 30/14| May 31/14| %|June 30/13| %| | |(millions)|(millions)|Change|(millions)|Change| |_______________|__________|__________|______|__________|______| |Assets under | $99,882| $98,236| 1.7%| $81,650| 22.3%| |management | | | | | | |_______________|__________|__________|______|__________|______| |Assets under | 28,968| 28,606| 1.3%| 24,368| 18.9%| |administration*| | | | | | |_______________|__________|__________|______|__________|______| |TOTAL | $128,850| $126,842| 1.6%| $106,018| 21.5%| |_______________|__________|__________|______|__________|______| ____________________________________________________ |MONTHLY AVERAGE |June 30/14| May 31/14| %| |ASSETS UNDER MANAGEMENT|(millions)|(millions)|Change| |_______________________|__________|__________|______| |Monthly average | $99,589| $97,498| 2.1%| |_______________________|__________|__________|______| __________________________________________________________________ |FISCAL QUARTER AVERAGE |Ending June 30/14|Ending Mar. 31/14| %| |ASSETS UNDER MANAGEMENT| (millions)| (millions)|Change| |_______________________|_________________|_________________|______| |Fiscal quarter average | $97,895| $93,488| 4.7%| |_______________________|_________________|_________________|______| ____________________________________________________________ |FISCAL YEAR AVERAGE |Ending June 30/14|Fiscal 2013| %| |ASSETS UNDER MANAGEMENT| (millions)| (millions)|Change| |_______________________|_________________|___________|______| |Fiscal year average | $95,704| $83,325| 14.9%| |_______________________|_________________|___________|______| ___________________________________________________________________ |EQUITY |FINANCIAL POSITION | | |(millions) | |____________________________________|______________________________| |Total outstanding shares|284,423,806|Debt outstanding |$500| |________________________|___________|_________________________|____| |QTD weighted avg. shares|284,542,521|Net debt outstanding |$255| |________________________|___________|_________________________|____| |Current Yield | 3.4%| | | |________________________|___________|_________________________|____| |Potential share dilution| 1,052,572|Terminal redemption value|$754| |from options | | of funds| | |________________________|___________|_________________________|____| |All options % of shares | 2.0%| | | |________________________|___________|_________________________|____| * Includes CI and United Financial funds administered by Assante advisors. ____________________________________ |ESTIMATED GEOGRAPHIC EXPOSURE OF AUM| |____________________________________| |Canada |43%| Asia| 4%| |_____________|___|_____|____________| |United States|28%|Other| 5%| |_____________|___|_____|____________| |Europe |15%| 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 Corp. (416) 364-1145 To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2014/03/c9586.html CO: CI Financial Corp. ST: Ontario NI: FIN FND
CI Financial reports asset growth of 22%
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