An anonymous director reports
CI FINANCIAL REPORTS ASSETS UNDER MANAGEMENT FOR MARCH 2018
CI Financial Corp. had preliminary assets under management at March 31, 2018, of $139.1-billion and total assets of $181.4-billion.
Assets under management grew by $18.4-billion or 15.2 per cent year over year, and decreased 1.2 per cent in the month of March. Total assets gained $21-billion or 13.1 per cent for the 12-month period, and decreased by 1.2 per cent in the month of March.
CI's average assets under management for the first quarter of 2018 were $141.9-billion, a decrease of 0.4 per cent from the fourth quarter of 2017, and a gain of $15.6-billion or 12.4 per cent from the average for fiscal 2017.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $42.3-billion at March 31, 2018, representing an increase of $2.6-billion or 6.5 per cent year over year.
CI will hold its annual general meeting of shareholders on June 18, 2018, in Toronto at 2 p.m. EDT. The meeting will be held at CI's offices, located at 15 York St., on the second floor.
Further information about CI's assets and financial position can be found in the attached 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.
MARCH 31, 2018, PRELIMINARY MONTH-END STATISTICS
(in billions)
Ending assets March 31, 2018 Feb. 28, 2018 March 31, 2017
Assets under management $139.1 $140.8 $120.7
Assets under advisement* 42.3 42.8 39.7
Total $181.4 $183.6 $160.4
* Includes assets managed by CI and held by clients of advisers with Assante and
Stonegate Private Counsel.
MONTHLY AVERAGE ASSETS UNDER MANAGEMENT
(in billions)
March 31, 2018 Feb. 28, 2018
Monthly average $140.7 $140.3
FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT
(in billions)
Ended March 31, 2018 Ended Dec. 31, 2017
Fiscal quarter average $141.9 $142.5
FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT
(in billions)
Fiscal 2018 Fiscal 2017
Fiscal year average $141.9 $126.3
EQUITY AND FINANCIAL POSITION
Equity Financial position (millions)
Total outstanding shares 267,059,252 Debt outstanding $1,370
QTD weighted avg. shares 268,357,839 Net debt outstanding $1,063
Current yield 5.1 per cent Terminal redemption value of funds $383
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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