REG - Canadian General Inv - Portfolio Update

Canadian General InvestmentsAnnouncement

05/04/2023 16:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230405:nRSE5312Va&default-theme=true

RNS Number : 5312V  Canadian General Investments Ld  05 April 2023

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

 

April 5, 2023

 

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 March 31, 2023 was
$52.31, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 8.9% and -8.1%, respectively.  These compare with the 4.6% and
-5.2% 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
March 31, 2023, the combined leverage afforded by both forms of leverage
represented 16.0% of CGI's net assets, up from 14.9% at the end of 2022 and
14.5% at March 31, 2022.

 

The closing price for CGI's common shares at March 31, 2023 was $33.01,
resulting in year-to-date and 12-month share price returns, with dividends
reinvested, of 2.0% and -19.8%, respectively.

 

The sector weightings of CGI's investment portfolio at market as of March 31,
2023 were as follows:

 

 Industrials                  21.1%
 Information Technology       20.7%
 Materials                    16.5%
 Consumer Discretionary       11.6%
 Energy                       10.5%
 Financials                   9.9%
 Real Estate                  5.0%
 Communication Services       2.2%
 Cash & Cash Equivalents      1.5%
 Health Care                  1.0%

 

The top ten investments which comprised 40.5% of the investment portfolio at
market as of March 31, 2023 were as follows:

 

 NVIDIA Corporation                5.0%
 Canadian Pacific Railway Limited  4.7%
 Franco-Nevada Corporation         4.5%
 TFI International Inc.            4.5%
 First Quantum Minerals Ltd.       4.4%
 West Fraser Timber Co. Ltd.       3.9%
 Apple Inc.                        3.7%
 The Descartes Systems Group Inc.  3.5%
 WSP Global Inc.                   3.3%
 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)

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  PFUBUGDSSGGDGXU