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Press release from CNW Group

CI Financial reports assets under management

Wednesday, July 04, 2012

CI Financial reports assets under management13:53 EDT Wednesday, July 04, 2012TSX Symbol: CIXTORONTO, July 4, 2012 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $71.6 billion and total assets of $93.7 billion as of June 30, 2012.Assets under management increased 1.5% for the month of June, compared to a gain of 1.1% for the S&P/TSX Composite Index. Average assets under management for the year-to-date at June 30, 2012 were $71.8 billion, compared to an average of $72.2 billion for the 2011 fiscal year.CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $22.1 billion at June 30, 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.June 30, 2012PRELIMINARY MONTH-END STATISTICSENDING ASSETS June 30/12(millions)May 31/12(millions)%ChangeJune 30/11(millions)%ChangeAssets under management$71,559$70,5321.5%$74,283-3.7%Assets under administration*22,11321,9330.8%22,874-3.3%TOTAL$93,672$92,4651.3%$97,157-3.6%MONTHLY AVERAGEASSETS UNDER MANAGEMENTJune 30/12(millions)May 31/12(millions)%ChangeMonthly average$70,566$71,106-0.8%QUARTERLY AVERAGE ASSETS UNDER MANAGEMENTJune 30/12(millions)Mar. 31/12(millions)% ChangeQuarterly average$71,385$72,262-1.2%FISCAL AVERAGEASSETS UNDER MANAGEMENTFiscal 2012 (millions)Fiscal 2011(millions)% ChangeFiscal year average$71,824$72,186-0.5%EQUITY   FINANCIAL POSITION(millions) Total outstanding shares283,342,075Debt outstanding$750QTD weighted avg. shares283,561,121Net debt outstanding$633Current Yield4.3%  Potential share dilution from options545,960Terminal redemption value of funds $772All options % of shares 2.4%  * Includes CI and United Financial funds administered by Assante advisors.ESTIMATED GEOGRAPHIC EXPOSURE OF AUMCanada51%Asia3%United States22%Other 4%Europe9%Cash 11%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