REG - Canadian General Inv - Portfolio Update

Canadian General InvestmentsAnnouncement

05/08/2022 07:00

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RNS Number : 0142V  Canadian General Investments Ld  04 August 2022

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

 

August 4, 2022

 

Canadian General Investments: Investment Update - Unaudited

 

TORONTO, CANADA - Canadian General Investments, Limited (CGI) reports on an
unaudited basis that its net asset value per share (NAV) at July 31, 2022 was
$49.62, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of -18.4% and -13.0%, respectively.  These compare with the -5.7%
and -0.2% returns of the benchmark S&P/TSX Composite Index on a total
return basis for the same periods.

 

The Company employs a leveraging strategy, by way of preference shares and
bank borrowing, in an effort to enhance returns to common shareholders. As at
July 31, 2022, the combined leverage afforded by both forms of leverage
represented 14.0% of CGI's net assets, up from 13.7% at the end of 2021 and
down from 14.5% at July 31, 2021.

 

The closing price for CGI's common shares at July 31, 2022 was $33.20,
resulting in year-to-date and 12-month share price returns, with dividends
reinvested, of -23.7% and -12.4%, respectively.

 

The sector weightings of CGI's investment portfolio at market as of July 31,
2022 were as follows:

 

 Industrials                  20.8%
 Information Technology       18.2%
 Materials                    17.7%
 Consumer Discretionary       12.2%
 Financials                   11.0%
 Energy                       11.0%
 Real Estate                  5.4%
 Communication Services       2.4%
 Health Care                  1.1%
 Cash & Cash Equivalents      0.2%

 

The top ten investments which comprised 37.6% of the investment portfolio at
market as of July 31, 2022 were as follows:

 

 West Fraser Timber Co. Ltd.       5.2%
 Canadian Pacific Railway Limited  4.9%
 Franco-Nevada Corporation         4.0%
 TFI International Inc.            3.8%
 Apple Inc.                        3.7%
 First Quantum Minerals Ltd.       3.6%
 NVIDIA Corporation                3.3%
 WSP Global Inc.                   3.1%
 The Descartes Systems Group Inc.  3.0%
 Mastercard Incorporated           3.0%

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian General Investments, Limited

Jonathan A. Morgan

President and CEO

Phone: (416) 366-2931

Fax: (416) 366-2729

e-mail: cgifund@mmainvestments.com (mailto:cgifund@mmainvestments.com)

website: www.canadiangeneralinvestments.ca
(http://www.canadiangeneralinvestments.ca)

 

 

 

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