Mr. Stephen MacPhail reports
CI FINANCIAL REPORTS RECORD ASSETS UNDER MANAGEMENT
CI Financial Corp. had assets under management at Aug. 31, 2014, of $102.2-billion and total assets of $131.8-billion. CI's assets under management grew by $18.4-billion or 21.9 per cent year over year and were up $1.8-billion or 1.7 per cent in the month of August for the 14th consecutive month of asset growth. Total assets were up $23.0-billion or 21.2 per cent for the year and $2.3-billion or 1.8 per cent in August. Assets under management and total assets at Aug. 31 were new month-end records for CI.
Assets under management at Aug. 31, 2014, of $102.2-billion represented an increase of $4.3-billion or 4.4 per cent over the average assets under management for the quarter ended June 30, 2014, and an increase of $18.9-billion or 22.6 per cent over the average for fiscal 2013.
CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $29.6-billion at Aug. 31, 2014, an increase of 18.6 per cent year over year.
Additional information about CI's assets and financial position can be found in the attached tables of preliminary statistics and on its website in the statistics section. These are the only statistics authorized by CI, and CI takes no responsibility for reporting by any external sources.
AUG. 31, 2014, PRELIMINARY MONTH-END STATISTICS
Ending assets Aug. 31, 2014 July 31, 2014 Aug. 31, 2013
(millions) (millions) (millions)
Assets under management $102,182 $100,427 $83,810
Assets under administration* 29,641 29,125 24,995
Total $131,823 $129,552 $108,805
* Includes CI and United Financial funds administered by Assante
advisers
MONTHLY AVERAGE ASSETS UNDER MANAGEMENT
Aug. 31, 2014 July 31, 2014
(millions) (millions)
Monthly average $101,000 $100,399
FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT
Ending Aug. 31, 2014 Ending June 30, 2014
(millions) (millions)
Fiscal quarter average $100,700 $97,895
FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT
Ending Aug. 31, 2014 Fiscal 2013
(millions) (millions)
Fiscal year average $96,979 $83,325
EQUITY AND FINANCIAL POSITION
Equity Financial position (millions)
Total outstanding shares 283,337,448 Debt outstanding $500
QTD weighted avg. shares 283,765,468 Net debt outstanding $222
Current yield 3.4% Terminal redemption value of funds $746
Potential share dilution from options 1,079,118
All options % of shares 2.0%
ESTIMATED GEOGRAPHIC EXPOSURE
OF ASSETS UNDER MANAGEMENT
Canada 43% Asia 4%
United States 29% Other 4%
Europe 14% Cash 6%
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