An anonymous director reports
CI FINANCIAL REPORTS ASSETS UNDER MANAGEMENT FOR JANUARY 2018
CI Financial Corp. had preliminary assets under management at Jan. 31, 2018, of $143.1-billion and total assets of $185.9-billion.
Assets under management grew by $25.7-billion, or 21.9 per cent year over year, and increased 0.1 per cent in the month of January. Total assets gained $30.3-billion or 19.5 per cent for the 12-month period and grew by 0.1 per cent in the month of January.
CI's average assets under management for the quarter to date were $144.5-billion, versus $142.5-billion for the fourth quarter of 2017. Average assets under management for the year to date were $144.5-billion, a gain of $18.2-billion or 14.4 per cent from the average for fiscal 2017.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $42.8-billion at Jan. 31, 2018, representing an increase of $4.6-billion or 12.0 per cent year over year.
Additionally, CI launched its redesigned website in January. This new website offers a fresh, mobile-responsive on-line experience, and provides easy access to information about CI, including share price charts, news alerts and announcements. Visitors may sign up to receive e-mail alerts on CI Financial news and announcements by visiting the news and events page.
CI is scheduled to release its financial results for the fourth quarter and fiscal year 2017 on Feb. 15, 2018, on the company's website. A conference call with analysts and a slide presentation will be accessible through a webcast on the company's website. Alternatively, investors may listen to the discussion beginning at 4 p.m. by dialling 416-406-0743 or 1-800-898-3989 (passcode 3773238 followed by the number sign).
Further information about CI's assets and financial position can be found in the tables of statistics and on its website in the share information section. These are the only statistics authorized by CI, and CI takes no responsibility for reporting by any external sources.
PRELIMINARY MONTH-END STATISTICS
Ending assets Jan. 31, 2018 Dec. 31, 2017 Jan. 31, 2017
(billions) (billions) (billions)
Assets under management $143.1 $143.0 $117.4
Assets under advisement (1) 42.8 42.7 38.2
Total $185.9 $185.7 $155.6
(Includes assets managed by CI and held by clients of advisers with Assante and
Stonegate Private Counsel)
MONTHLY AVERAGE -- ASSETS UNDER MANAGEMENT
Jan. 31, 2018 Dec. 31, 2017
(billions) (billions)
Monthly average $144.5 $143.3
FISCAL QUARTER AVERAGE -- ASSETS UNDER MANAGEMENT
Ending Jan. 31, 2018 Ending Dec. 31, 2017
(billions) (billions)
Fiscal quarter average $144.5 $142.5
FISCAL YEAR AVERAGE -- ASSETS UNDER MANAGEMENT
Fiscal 2018 Fiscal 2017
(billions) (billions)
Fiscal year average $144.5 $126.3
EQUITY FINANCIAL POSITION
(millions)
Total outstanding shares 270,119,547 Debt outstanding $1,194
QTD weighted average shares 270,922,411 Net debt outstanding $927
Current yield 4.8% Terminal redemption value of funds $408
CI Financial is an independent Canadian company offering global asset management and wealth management advisory services. Its primary operating businesses are CI Investments Inc., Sentry Investments Inc., Assante Wealth Management (Canada) Ltd., Stonegate Private Counsel, Grant Samuel Funds Management Pty. Ltd. of Australia, First Asset Investment Management Inc. and BBS Securities Inc.
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