Sprott Announces Preliminary 2013 Year End Assets Under Management

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[{"type":"text","content":"\n\n\nTORONTO, Jan. 20, 2014 /CNW/ - Sprott Inc. (TSX: SII) (\"Sprott\" or the\n \"Company\") today announced its preliminary estimate of Assets Under\n Management (\"AUM\") and Performance Fees for the year ended December 31,\n 2013.\n\n\nThe Company estimates that Assets Under Management as at December 31,\n 2013 were approximately $7.0 billion. On a preliminary and unaudited\n basis, the Company estimates that it generated approximately $5.0\n million in Performance Fees for 2013, including amounts recognized in\n previous quarters and after payments to sub-advisors.\n\n\n\"Our Assets Under Management declined in 2013 as the downturn in the\n natural resource sector took a toll on some of our larger strategies,\"\n said Peter Grosskopf, Chief Executive Officer of Sprott. \"Looking\n ahead, our key priorities include continuing to diversify our Canadian\n platform, capitalizing on international opportunities in the resource\n sector and building scale in our institutional business.\"\n\n\nPerformance Fees\n\n\nAll performance fee figures included in this release are based on\n preliminary, unaudited estimates and are subject to adjustments which\n may result due to factors including, but not limited to, the completion\n of year-end audits at certain publicly-traded companies managed by\n Sprott Consulting LP. Performance Fees and AUM should not be considered\n alternatives to performance measures determined in accordance with GAAP\n and may not be comparable to similar measures presented by other\n issuers. Past performance may not be indicative of future results.\n\n\nForward-Looking Statements \n\n\nThis release contains \"forward-looking statements\" which reflect the\n current expectations of the Company. These statements reflect\n management's current beliefs with respect to future events and are\n based on information currently available to management. Forward-looking\n statements involve significant known and unknown risks, uncertainties\n and assumptions. Many factors could cause actual results, performance\n or achievements to be materially different from any future results,\n performance or achievements that may be expressed or implied by such\n forward-looking statements including, without limitation, those listed\n under the heading \"Risk Factors\" in the Company's annual information\n form dated March 26, 2013. S...

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