CI Financial reports assets under management for January 2019
TORONTO (February 1, 2019) - CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary assets under management at January 31, 2019 of $128.2 billion and total assets of $171.4 billion.
Assets under management increased by 3.1% in the month of January. Average assets under management for the quarter-to-date were $126.3 billion, versus $129.3 billion for the fourth quarter of 2018.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $43.2 billion at January 31, 2019, representing an increase of 3.3% in the month of January and a 0.7% increase year over year.
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. These are the only statistics authorized by CI, and CI takes no responsibility for reporting by any external sources.
CI FINANCIAL CORP. January 31, 2019 PRELIMINARY MONTH-END STATISTICS | |||||
| ENDING ASSETS | Jan. 31/19 (billions) | Dec. 31/18 (billions) | % Change | Jan. 31/18 (billions) | % Change |
| Assets under management | $128.2 | $124.4 | 3.1% | $143.1 | -10.4% |
| Assets under advisement1 | 43.2 | 41.8 | 3.3% | 42.9 | 0.7% |
| TOTAL | $171.4 | $166.2 | 3.1% | $186.0 | -7.8% |
MONTHLY AVERAGE ASSETS UNDER MANAGEMENT | Jan. 31/19 (billions) | Dec. 31/18 (billions) | % Change |
| Monthly average | $126.3 | $125.9 | 0.3% |
FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT | Ending Jan. 31/19 (billions) | Ending Dec. 31/18 (billions) | % Change |
| Fiscal quarter average | $126.3 | $129.3 | -2.3% |
FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT | Fiscal 2019 (billions) | Fiscal 2018 (billions) | % Change |
| Fiscal year average | $126.3 | $137.2 | -7.9% |
EQUITY (millions) | FINANCIAL POSITION (millions) | ||
| Total outstanding shares | 243.0 | Debt outstanding | $1,554 |
| QTD weighted avg. shares | 243.0 | Net debt outstanding | $1,320 |
| Current Yield | 4.1% | Terminal redemption value of funds | $345 |
1 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., Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, 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.
For further information:
Investor Relations
CI Financial Corp.
(416) 364-1145
CI Financial Corp.
Douglas J. Jamieson
Executive Vice-President and
Chief Financial Officer
(416) 364-1145
investorrelations@ci.com
NEXT PRESS RELEASE
CONTACT US
How can we help you?
HEAD OFFICE
2 Queen Street East,
Twentieth Floor
Toronto, Ontario
M5C 3G7
(416) 364-1145
(800) 268-9374
REGISTRAR & TRANSFER AGENT
Computershare Investor Services
100 University Avenue,
Eighth Floor
Toronto, Ontario
M5J 2Y1
(800) 564-6253
REGISTRAR & TRANSFER AGENT
Computershare Trust Company N.A.
462 S. 4th Street
Louisville, Kentucky
USA 40202
(800) 962-4284
From all other countries
(514) 982-7555
INVESTOR RELATIONS
Jason Weyeneth, CFA
Vice-President,
Investor Relations & Strategy
(416) 681-8779
MEDIA CONTACT
Murray Oxby
Vice-President,
Corporate Communications
(416) 681-3254
