REG - Canadian General Inv - Portfolio Update

Canadian General InvestmentsAnnouncement

07/09/2023 07:00

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RNS Number : 6373L  Canadian General Investments Ld  06 September 2023

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

September 6, 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 August 31, 2023
was $57.57, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 20.9% and 21.6%, respectively. These compare with the 6.9% and
8.5% 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 August 31, 2023, the
leverage represented 14.6% of CGI's net assets, down from 14.9% at the end of
2022 and up from 14.4% at August 31, 2022.

 

The closing price for CGI's common shares at August 31, 2023 was $36.80,
resulting in year-to-date and 12-month share price returns, with dividends
reinvested, of 15.3% and 18.0%, respectively.

 

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

 

 Information Technology       23.4%
 Industrials                  22.0%
 Materials                    16.0%
 Energy                       10.9%
 Consumer Discretionary       10.8%
 Financials                   9.3%
 Real Estate                  4.4%
 Communication Services       1.8%
 Cash & Cash Equivalents      0.8%
 Health Care                  0.6%

 

The top ten investments which comprised 42.2% of the investment portfolio at
market as of August 31, 2023 were as follows:

 

 NVIDIA Corporation                    7.4%
 First Quantum Minerals Ltd.           4.7%
 TFI International Inc.                4.7%
 Canadian Pacific Kansas City Limited  4.5%
 Franco-Nevada Corporation             4.1%
 Apple Inc.                            3.8%
 West Fraser Timber Co. Ltd.           3.7%
 WSP Global Inc.                       3.2%
 Mastercard Incorporated               3.2%
 The Descartes Systems Group Inc.      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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