CI Financial reports assets under management for February 2018

TSX Symbol: CIX

TORONTO, March 1, 2018 /CNW/ - CI Financial Corp. ("CI") today reported preliminary assets under management at February 28, 2018 of $140.9 billion and total assets of $183.6 billion.

Assets under management grew by $20.6 billion or 17.1% year over year, and decreased 1.5% in the month of February. Total assets gained $24.1 billion or 15.1% for the 12-month period, and decreased by 1.3% in the month of February.

CI's average assets under management for the quarter-to-date were $142.5 billion, unchanged from the fourth quarter of 2017. Average assets under management for the year-to-date were $142.5 billion, a gain of $16.2 billion or 12.8% from the average for fiscal 2017.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $42.7 billion at February 28, 2018, representing an increase of $3.5 billion or 8.9% year over year.

CI will hold its annual general meeting of shareholders on June 18, 2018 in Toronto at 2:00 p.m. EDT. The meeting will be held at CI's offices, located at 15 York Street, on the second floor.

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, in the Share Information section. These are the only statistics authorized by CI and CI takes no responsibility for reporting by any external sources.

* 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., Sentry Investments Inc., Assante Wealth Management (Canada) Ltd., Stonegate Private Counsel, 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.