REG - Canadian General Inv - Portfolio Update

Canadian General InvestmentsAnnouncement

04/01/2024 18:15

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RNS Number : 7175Y  Canadian General Investments Ld  04 January 2024

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

January 4, 2024

 

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 December 31, 2023
was $55.63, resulting in a one-year NAV return, with dividends reinvested, of
17.4%.  This compares with the 11.8% return of the benchmark S&P/TSX
Composite Index on a total return basis for the same period.

 

The Company employs a leveraging strategy, by way of bank borrowing, with the
intent to enhance returns to common shareholders. As at December 31, 2023, the
leverage represented 15.1% of CGI's net assets, up from 14.9% at the end of
2022.

 

The closing price for CGI's common shares at December 31, 2023 was $34.73,
resulting in an annual share price return, with dividends reinvested, of 9.5%.

 

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

 

 Industrials                  25.3%
 Information Technology       21.9%
 Energy                       12.4%
 Financials                   10.8%
 Consumer Discretionary       10.8%
 Materials                    10.7%
 Real Estate                  4.6%
 Communication Services       2.0%
 Cash & Cash Equivalents      0.8%
 Health Care                  0.7%

 

The top ten investments which comprised 36.6% of the investment portfolio at
market as of December 31, 2023 were as follows:

 

 NVIDIA Corporation                    4.7%
 TFI International Inc.                4.7%
 Canadian Pacific Kansas City Limited  4.5%
 Apple Inc.                            3.7%
 West Fraser Timber Co. Ltd.           3.5%
 The Descartes Systems Group Inc.      3.3%
 WSP Global Inc.                       3.3%
 Franco-Nevada Corporation             3.2%
 Mastercard Incorporated               3.0%
 Bank of Montreal                      2.7%

 

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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