An anonymous director reports
CI FINANCIAL REPORTS ASSETS UNDER MANAGEMENT
CI Financial Corp. had preliminary assets under management at July 31, 2017, of $120.4-billion and total assets of $160.5-billion.
Assets under management grew by $7.4-billion or 6.5 per cent year over year, and declined 0.6 per cent in the month of July. Total assets gained $10.8-billion or 7.2 per cent for the 12-month period, and decreased by 0.6 per cent in the month of July.
CI's average assets under management for the quarter to date were $120.6-billion, versus $122.7-billion for the second quarter of 2017. Average assets under management for the year to date were $121.0-billion, a gain of $10.1-billion or 9.1 per cent from the average for fiscal 2016.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $40.1-billion at July 31, 2017, representing an increase of $3.4-billion or 9.3 per cent year over year.
CI is scheduled to release its financial results for the second quarter of 2017 on Aug. 10, 2017, on its website.
Additional information about CI's assets and financial position can be found in the attached tables of statistics and on the company's website 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 PRELIMINARY MONTH-END STATISTICS
(in billions of dollars)
Ending assets July 31, 2017 June 30, 2017 July 31, 2016
Assets under management $120.4 $121.1 $113.0
Assets under advisement* 40.1 40.3 36.7
Total $160.5 $161.4 $149.7
* Includes assets managed by CI and held by clients of advisers with
Assante and Stonegate Private Counsel.
MONTHLY AVERAGE ASSETS UNDER MANAGEMENT
(in billions of dollars)
July 31, 2017 June 30, 2017
Monthly average $120.6 $123.0
FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT
(in billions of dollars)
Ending July 31, 2017 Ending June 30, 2017
Fiscal quarter average $120.6 $122.7
FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT
(in billions of dollars)
Ending July 31, 2017 Fiscal 2016
Fiscal year average $121.0 $110.9
EQUITY AND FINANCIAL POSITION
(in millions)
Total outstanding shares 258,087,353 Debt outstanding $912
Quarter-to-date weighted average shares 258,665,570 Net debt outstanding $732
Current yield 5.2% Terminal redemption value of funds $454
About CI Financial Corp.
CI is an independent, Canadian-owned wealth management company.
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