Guardian Capital Group Limited (TSX: GCG; GCG.A) Announces 2022 Second Quarter Operating Results

TORONTO, March 02, 2023 (GLOBE NEWSWIRE) --

All per share figures disclosed below are stated on a diluted basis.

The Company is reporting $74.6 billion in total client assets as at June 30, 2022, which include assets under management (“AUM”) and assets under administration (“AUA”). This is a 9% decrease from $81.5 billion as at June 30, 2021, and a 15% decrease from $87.8 billion reported as at December 31, 2021. The Company is reporting AUM of $46.9 billion as at June 30, 2022, a 9% decrease from $51.6 billion as at June 30, 2021, and a 17% decrease from $56.3 billion as at December 31, 2021. The decrease in AUM was driven largely by the negative global financial market performance and, to a lesser extent, net redemption of approximately $1.6 billion in institutional client assets in the current quarter. The Company’s AUA was $27.6 billion as at June 30, 2022, an 8% decrease from $29.9 billion as at June 30, 2021, and a 12% decrease from $31.5 billion as at December 31, 2021.

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