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Press release from CNW Group

CI Financial reports a record high in assets under management

Friday, March 01, 2013

CI Financial reports a record high in assets under management16:16 EST Friday, March 01, 2013TSX Symbol: CIXTORONTO, March 1, 2013 /CNW/ - CI Financial Corp. ("CI") today reported assets under management as of February 28, 2013 of $79.8 billion, a new record for the company. Total assets were $103.9 billion.CI's assets under management gained $1.7 billion or 2.2% in the month of February and rose $6.6 billion or 9.0% year over year. In comparison, the S&P/TSX Composite Total Return Index gained 1.3% in February and 4.6% over the 12-month period.Assets under management at February 28, 2013 of $79.8 billion represented an increase of $5.5 billion or 7.4% over the average assets under management for the fourth quarter of 2012 and an increase of $7.2 billion or 10.0% over the average for fiscal year 2012.CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $24.0 billion at February 28, 2013, an increase of 5.6% year over year."February, like January, was very positive for CI," said Stephen A. MacPhail, CI President and Chief Executive Officer. "Our assets under management are now approximately $80 billion, an all-time high for CI and up over 5% since December 31, 2012. Our average assets for the first two months of the year are up 5% from the average of the prior quarter. Equally encouraging is that CI has continued to post strong sales, with our net sales for the month of February at their highest level since the year 2000. Importantly, this strength is being driven by retail sales channels."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.February 28, 2013PRELIMINARY MONTH-END STATISTICSENDING ASSETS Feb 28/13(millions)Jan 31/13(millions)%ChangeFeb 29/12 (millions)%ChangeAssets under management$79,843$78,1002.2%$73,2489.0%Assets under administration*24,03823,5961.9%22,7615.6%TOTAL$103,881$101,6962.1%$96,0098.2%MONTHLY AVERAGEASSETS UNDER MANAGEMENTFeb 28/13 (millions)Jan 31/13 (millions)% ChangeMonthly average$78,823$77,2362.1%FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENTEnding Feb 28/13 (millions)Ending Dec 31/12 (millions)% ChangeFiscal quarter average$77,989$74,3234.9%FISCAL YEAR AVERAGEASSETS UNDER MANAGEMENTFiscal 2013 (millions)Fiscal 2012 (millions)% ChangeFiscal year average$77,989$72,6067.4%EQUITYFINANCIAL POSITION(millions) Total outstanding shares283,197,093Debt outstanding$608QTD weighted avg. shares283,093,660Net debt outstanding$540Current Yield3.8%  Potential share dilution from options1,173,650Terminal redemption value of funds $775All options % of shares2.4%  * Includes CI and United Financial funds administered by Assante advisors.ESTIMATED GEOGRAPHIC EXPOSURE OF AUMCanada      48%Asia       4%United States      29%Other       5%Europe      11%Cash       3%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, and is on the Web at www.cifinancial.com.   SOURCE: CI Investments Inc.For further information: Stephen A. MacPhail President and Chief Executive Officer CI Financial (416) 364-1145