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Press release from CNW Group

CI Financial reports assets under management

Tuesday, May 01, 2012

CI Financial reports assets under management17:50 EDT Tuesday, May 01, 2012TSX Symbol: CIXTORONTO, May 1, 2012 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $73.1 billion and total assets of $95.9 billion as of April 30, 2012.Assets under management decreased 0.3% for the month of April, compared to a decline of 0.6% for the S&P/TSX Composite Index. Assets under management at April 30, 2012 represent an increase of $3.8 billion or 5.4% over the average assets under management for the fourth quarter of 2011 and an increase of 1.2% over the average for the first quarter of 2012.CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $22.7 billion at April 30, 2012.CI is scheduled to release its financial results for the first quarter on May 8, 2012.Additional information about CI's assets and financial position can be found below in the tables of preliminary statistics and on its website, www.cifinancial.com, in the Statistics section. These are the only statistics authorized by CI and CI takes no responsibility for reporting by any external sources.CI FINANCIAL CORP.April 30, 2012PRELIMINARY MONTH-END STATISTICSENDING ASSETS Apr. 30/12(millions)Mar. 31/12(millions)%ChangeApr. 30/11 (millions)%ChangeAssets under management$73,112$73,361-0.3%$75,619-3.3%Assets under administration*22,74222,829-0.4%23,405-2.8%TOTAL$95,854$96,190-0.3%$99,024-3.2%MONTHLY AVERAGEASSETS UNDER MANAGEMENTApr. 30/12 (millions)Mar. 31/12 (millions)% ChangeMonthly average$72,494$73,272-1.1%QUARTERLY AVERAGE ASSETS UNDER MANAGEMENTApr. 30/12 (millions)Mar. 31/12 (millions)% ChangeQuarterly average$72,494$72,2620.3%FISCAL AVERAGEASSETS UNDER MANAGEMENTFiscal 2012 (millions)Fiscal 2011 (millions)% ChangeFiscal year average$72,320$72,1860.2%EQUITYFINANCIAL POSITION (millions)Total outstanding sharesQTD weighted avg. sharesCurrent YieldPotential share dilution from optionsAll options % of shares 283,798,219283,789,3894.1%967,8662.3% Debt outstandingNet debt outstanding Terminal redemption value of funds   $750$648 $773  * Includes CI and United Financial funds administered by Assante advisors.ESTIMATED GEOGRAPHIC EXPOSURE OF AUMCanada51%Asia3%United States22%Other4%Europe9%Cash11%CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds. CI is on the Web at www.cifinancial.com.   For further information: Stephen A. MacPhail President and Chief Executive Officer CI Financial (416) 364-1145