REG - Canadian General Inv - Portfolio Update

Canadian General InvestmentsAnnouncement

03/11/2023 17:15

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RNS Number : 3970S  Canadian General Investments Ld  03 November 2023

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

November 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 October 31, 2023
was $50.60, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 6.3% for both periods. These compare with the 0.1% and 0.4%
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 October 31, 2023, the
leverage represented 16.6% of CGI's net assets, up from 14.9% at the end of
2022 and 14.8% at October 31, 2022.

 

The closing price for CGI's common shares at October 31, 2023 was $32.58,
resulting in year-to-date and 12-month share price returns, with dividends
reinvested, of 2.0% and 6.7%, respectively.

 

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

 

 Information Technology       23.3%
 Industrials                  22.0%
 Energy                       13.3%
 Materials                    12.9%
 Consumer Discretionary       11.7%
 Financials                   9.5%
 Real Estate                  4.3%
 Communication Services       1.8%
 Health Care                  0.8%
 Cash & Cash Equivalents      0.4%

 

The top ten investments which comprised 40.0% of the investment portfolio at
market as of October 31, 2023 were as follows:

 

 NVIDIA Corporation                    7.1%
 Canadian Pacific Kansas City Limited  4.6%
 TFI International Inc.                4.4%
 Apple Inc.                            4.0%
 Franco-Nevada Corporation             4.0%
 WSP Global Inc.                       3.5%
 Mastercard Incorporated               3.3%
 The Descartes Systems Group Inc.      3.3%
 West Fraser Timber Co. Ltd.           3.2%
 Enerplus Corporation                  2.6%

 

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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