CI Financial Reports Total Assets of $389.4 Billion for February 2023

All financial amounts in Canadian dollars unless stated otherwise.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $389.4 billion as at February 28, 2023, consisting of asset management assets of $121.9 billion, Canadian wealth management assets of $81.1 billion, and U.S. wealth management assets of $186.4 billion.

CI FINANCIAL CORP. February 28, 2023 PRELIMINARY MONTH-END ASSETS (C$ Billions)

ENDING ASSETS

February 2023

January 2023

% Change

February 2022

% Change

Asset management (1)

$121.9

$123.4

-1.2%

$136.7

-10.8%

Canada wealth management

$81.1

$81.4

-0.4%

$78.5

3.3%

U.S. wealth management (2)

$186.4

$185.1

0.7%

$146.2

27.5%

TOTAL ASSETS

$389.4

$390.0

-0.2%

$361.4

7.7%

ASSET MANAGEMENT – AVERAGE AUM

February 2022

January 2023

December 2022

Fiscal 2022

% Change

Monthly average

$123.1

$121.5

-

-

1.3%

Quarter-to-date average

$122.3

-

$117.7

-

3.9%

Year-to-date average

$122.3

-

-

$125.0

-2.2%

1. Includes $32.9 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at February 28, 2023 ($33.4 billion at January 31, 2023 and $34.7 billion at February 28, 2022).
2. Month-end USD/CAD exchange rates of 1.3645, 1.3305 and 1.2675 for February 2023, January 2023 and February 2022, respectively.

About CI Financial

CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. Founded in 1965, CI has developed world-class portfolio management talent, extensive capabilities in all aspects of wealth planning, and a comprehensive product suite.

CI operates in three segments:

• Asset Management, which includes the operations of CI Global Asset Management and Australia-based GSFM Pty Ltd.
• Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth (Canada), Northwood Family Office, CI Direct Investing and CI Investment Services.
• U.S. Wealth Management, which includes CI Private Wealth US, a national network of best-in-class wealth management teams.

CI is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: CIX). To learn more, visit CI’s website or LinkedIn page.

CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of CI Financial Corp.

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Investor Relations Jason Weyeneth, CFA Vice-President, Investor Relations & Strategy 416-681-8779 [e-mail] Media Relations Canada Murray Oxby Vice-President, Corporate Communications 416-681-3254 [e-mail] United States Jimmy Moock Managing Partner, StreetCred 610-304-4570 [e-mail] [e-mail]