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01.05.2019 23:33:00
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/C O R R E C T I O N from Source -- CI Financial Corp./
In the news release, CI Financial reports assets under management for April 2019, issued 01-May-2019 by CI Financial Corp. over CNW, we are advised by the company that the second paragraph, second sentence, should read "quarter-to-date" rather than "second quarter of 2019" as originally issued inadvertently. The complete, corrected release follows:
CI Financial reports assets under management for April 2019TORONTO, May 1, 2019 /CNW/ - CI Financial Corp. ("CI") (TSX: CIX) today reported preliminary assets under management at April 30, 2019 of $133.2 billion and total assets of $179.8 billion.
Assets under management increased by 1.4% in the month of April. CI's average assets under management for the quarter-to-date were $132.9 billion, an increase of 3.1%, or $4 billion versus $128.9 billion for the first quarter of 2019.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd., Stonegate Private Counsel and WealthBar Financial Services Inc. of $46.6 billion at April 30, 2019, representing an increase of 2.2% in the month of April and an 8.9% increase year over year. WealthBar assets are now included as the firm was acquired by CI in the first quarter of 2019.
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. | |||||
ENDING ASSETS | April 30/19 | March 31/19 | % | April 30/18 | % |
Assets under management | $133.2 | $131.3 | 1.4% | $139.0 | -4.2% |
Assets under advisement1 | 46.6 | 45.6 | 2.2% | 42.8 | 8.9% |
TOTAL | $179.8 | $176.9 | 1.6% | $181.8 | -1.1% |
MONTHLY AVERAGE ASSETS UNDER MANAGEMENT | April 30/19 | March 31/19 | % |
Monthly average | $132.9 | $131.2 | 1.3% |
FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT | Ending April 30/19 | Ending March | % |
Fiscal quarter average | $132.9 | $128.9 | 3.1% |
FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT | Fiscal 2019 | Fiscal 2018 | % |
Fiscal year average | $129.9 | $137.2 | -5.3% |
EQUITY (millions) | FINANCIAL POSITION (millions) | ||
Total outstanding shares (TSX) | 240.3 | Debt outstanding | $1,565 |
QTD weighted avg. shares | 239.7 | Net debt outstanding | $1,303 |
Current Yield | 3.7% | Terminal redemption value of funds | $312 |
1 Includes assets managed by CI and held by clients of advisors with Assante, Stonegate Private Counsel and WealthBar. |
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., WealthBar Financial Services Inc., and BBS Securities Inc. Further information is available at www.cifinancial.com.
SOURCE CI Financial Corp.
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