Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
JOIN THE CLUB
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
GO AD-FREE

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you downgrade to Basic or cancel with-in 10 days of first subscribing, we will refund your payment upon request. Immediately after downgrading or cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

CI Financial Corp. (T:CIX)

Business Focus: Investment Management & Fund Operators

Log in or join to add this stock to your watch list.
Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEDAR
Company Contact
Address: 2 Queen St E
TORONTO ON M5C 3G7
Tel: 1-416-6816508
Website: https://www.cifinancial.com
IR: See website
Key People
William Thomas Holland
Executive Chairman of the Board
Peter W. Anderson
President, Chief Executive Officer, Director
Douglas J. Jamieson
Chief Financial Officer, Executive Vice President
Steven J. Donald
Executive Vice President
Neal A. Kerr
Executive Vice President
Rohit Dev Mehta
Executive Vice President
Darie P. Urbanky
Executive Vice President
   
Business Overview
CI Financial Corp. (CI) is a wealth management and investment fund company. The Company is engaged in management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other fee-earning investment products for Canadian investors. CI operates through two segments: Asset Management and Asset Administration. The Company's Asset Management segment provides the majority of CI's income and derives its revenue principally from the fees earned on the management of various families of mutual, segregated, pooled, exchange-traded and closed-end funds, structured products and discretionary accounts. CI's Asset Administration segment derives its revenue principally from commissions and fees earned on the sale of mutual funds and other financial products and ongoing service to clients. The Company's products are distributed primarily through brokers, independent financial planners and insurance advisors, among others.
Financial Overview
For the three months ended 31 March 2019, CI Financial Corp revenues decreased 8% to C$526.8M. Net income decreased 12% to C$140M. Revenues reflect Asset Management segment decrease of 10% to C$466.3M. Net income also reflects Interest and lease finance increase of 48% to C$13.7M (expense), Investment dealer fees increase of 8% to C$40.8M (expense). Dividend per share decreased from C$0.35 to C$0.18.
Employees: 1,726 as of Dec 31, 2017
Reporting Currency: Canadian Dollars
Enterprise value: $6,089M as of Mar 31, 2019
Annual revenue (TTM): $2,190M as of Mar 31, 2019
EBITDA (TTM): $885.65M as of Mar 31, 2019
Net annual income (TTM): $598.47M as of Mar 31, 2019
Free cash flow (TTM): $387.37M as of Mar 31, 2019
Net Debt Last Fiscal Year: $1,296M as of Mar 31, 2019
Shares outstanding: 241,526,542 as of Apr 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization