Mr. Stephen MacPhail reports

CI FINANCIAL REPORTS ASSETS UNDER MANAGEMENT

CI Financial Corp. had assets under management at Nov. 30, 2015, of $108.3-billion and total assets of $142.8-billion.

Assets under management grew by $5.1-billion or 4.9 per cent year over year and were up 0.3 per cent in the month of November. Total assets gained $7.7-billion or 5.7 per cent for the 12-month period and were up 0.4 per cent in November. In comparison, the S&P/TSX Composite Index declined 5.8 per cent over the 12-month period and was down 0.2 per cent in the month of November.

"November was another positive month for CI," said Stephen A. MacPhail, CI president and chief executive officer. "On a year-to-date basis, our assets under management are up 5.2 per cent, significantly ahead of the S&P/TSX Composite Index, which is down 5.4 per cent. This clearly shows the benefits to our investors of the global diversification of investments by CI's money management teams."

Average assets under management for the quarter to date were $107.6-billion, a decrease of 0.8 per cent from the average for the third quarter. Average assets under management for the year to date were $108.2-billion, an increase of $9.8-billion or 9.9 per cent over the average for fiscal 2014.

CI also reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $34.5-billion at Nov. 30, 2015, an increase of 8 per cent year over year.

In other developments in November, CI completed its acquisition of First Asset Capital Corp., with approximately $3-billion in assets under management (which are not currently included in CI's assets under management). First Asset is a leader in providing actively managed and factor-based exchange-traded funds to the Canadian marketplace, and also offers mutual funds and closed-end funds. First Asset continues to operate under its own name as a separate company within the CI group and under its existing management team.

In addition, three CI portfolio managers were the recipients of fund manager of the year awards at the Morningstar Awards. Richard Jenkins, chairman and managing director of Black Creek Investment Management, was named Morningstar foreign equity fund manager of the year, and Greg Dean and Stephen Groff, principals and portfolio managers with Cambridge Global Asset Management, were co-winners of the breakout fund manager of the year award.

Additional information about CI's assets and financial position can be found below in the 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.

          NOV. 30, 2015, PRELIMINARY MONTH-END STATISTICS 
                              
Ending assets           Nov. 30, 2015   Oct. 31, 2015   Nov. 30, 2014
                            (millions)      (millions)      (millions)

Assets under management      $108,256        $107,980        $103,152  
Assets under advisement*       34,534          34,282          31,973     
Total                        $142,790        $142,262        $135,125   

* Includes assets managed by CI and held by clients of advisers with
Assante and Stonegate Private Counsel.

           MONTHLY AVERAGE ASSETS UNDER MANAGEMENT
      
                               Nov. 30, 2015      Oct. 31, 2015
                                   (millions)         (millions)

Monthly average                     $108,031           $107,229   

        FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT

                                       Ended              Ended
                               Nov. 30, 2015     Sept. 30, 2015
                                   (millions)         (millions)

Fiscal quarter average              $107,624           $108,541  

          FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT

                                       Ended              Ended
                               Nov. 30, 2015        fiscal 2014  
                                   (millions)         (millions)

Fiscal year average                 $108,161            $98,408       

                      EQUITY 
                                           
Total outstanding shares                   276,767,903
Quarter-to-date weighted average shares    275,894,611
Current yield                                      4.2%                                             
Potential share dilution from options          402,713
All options as a percentage of shares              2.6%                                             

 
           FINANCIAL POSITION
               (millions)

Debt outstanding                     $526
Net debt outstanding                 $421
Terminal redemption value of funds   $657

 ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada             35%     Asia      4%   
United States      35%     Other     4%   
Europe             14%     Cash      8%