REG - Canadian General Inv - Portfolio Update

Canadian General InvestmentsAnnouncement

04/08/2023 07:00

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RNS Number : 2872I  Canadian General Investments Ld  03 August 2023

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

August 3, 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 July 31, 2023 was
$58.05, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 21.4% and 19.2%, respectively.  These compare with the 8.4%
and 8.2% 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 bank borrowing, with the
intent to enhance returns to common shareholders. As at July 31, 2023, the
leverage represented 14.5% of CGI's net assets, down from 14.9% at the end of
2022 and up from 14.0% at July 31, 2022.

 

The closing price for CGI's common shares at July 31, 2023 was $36.40,
resulting in year-to-date and 12-month share price returns, with dividends
reinvested, of 13.3% and 12.8%, respectively.

 

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

 

 Information Technology       22.7%
 Industrials                  21.7%
 Materials                    16.8%
 Energy                       10.8%
 Consumer Discretionary       10.8%
 Financials                   9.7%
 Real Estate                  4.3%
 Communication Services       1.8%
 Cash & Cash Equivalents      0.7%
 Health Care                  0.7%

 

The top ten investments which comprised 41.7% of the investment portfolio at
market as of July 31, 2023 were as follows:

 

 NVIDIA Corporation                    6.8%
 First Quantum Minerals Ltd.           5.1%
 Canadian Pacific Kansas City Limited  4.5%
 TFI International Inc.                4.3%
 West Fraser Timber Co. Ltd.           4.1%
 Franco-Nevada Corporation             4.0%
 Apple Inc.                            3.9%
 WSP Global Inc.                       3.1%
 The Descartes Systems Group Inc.      3.0%
 Mastercard Incorporated               2.9%

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: (416) 366-2931

Fax: (416) 366-2729

e-mail: cgifund@mmainvestments.com

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

 

 

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