Subject: SLS
CI Financial reports assets under management for February 2019
TORONTO, March 1, 2019 /CNW/ - CI Financial Corp. ("CI") (TSX: CIX) today reported preliminary assets under management at February 28, 2019 of $129.8 billion and total assets of $174.0 billion.
Assets under management increased by 1.2% in the month of February. Average assets under management for the quarter-to-date were $127.7 billion, versus $129.3 billion for the fourth quarter of 2018.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $44.2 billion at February 28, 2019, representing an increase of 2.1% in the month of February and a 3.3% increase year over year.
Further information about CI's assets and financial position can be found below in the tables of statistics and on its website, www.cifinancial.com. These are the only statistics authorized by CI, and CI takes no responsibility for reporting by any external sources.
CI FINANCIAL CORP. February 28, 2019 PRELIMINARY MONTH-END STATISTICS | |||||
ENDING ASSETS | Feb. 28/19 | Jan. 31/19 (billions) | % | Feb. 28/18 | % |
Assets under management | $129.8 | $128.2 | 1.2% | $140.8 | -7.8% |
Assets under advisement1 | $44.2 | $43.3 | 2.1% | $42.8 | 3.3% |
TOTAL | $174.0 | $171.5 | 1.5% | $183.6 | -5.2% |
MONTHLY AVERAGE ASSETS UNDER MANAGEMENT | Feb. 28/19 | Jan. 31/19 | % |
Monthly average | $129.2 | $126.3 | 2.3% |
FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT | Ending Feb. 28/19 | Ending Dec. 31/18 | % |
Fiscal quarter average | $127.7 | $129.3 | -1.2% |
FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT | Fiscal 2019 | Fiscal 2018 | % |
Fiscal year average | $127.7 | $137.2 | -6.9% |
EQUITY (millions) | FINANCIAL POSITION (millions) | ||
Total outstanding shares (TSX) | 242.4 | Debt outstanding | $1,621 |
QTD weighted avg. shares | 242.5 | Net debt outstanding | $1,385 |
Current Yield | 3.9% | Terminal redemption value of funds | $331 |
1 Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel.
CI Financial Corp. (TSX: CIX) is an independent Canadian company offering global asset management and wealth management advisory services. Its primary operating businesses are CI Investments Inc., Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, Grant Samuel Funds Management Pty Ltd. of Australia, First Asset Investment Management Inc., and BBS Securities Inc. Further information is available at www.cifinancial.com.
SOURCE CI Financial Corp.
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