Canadian General Inv - Portfolio Update

Canadian General Investments

03/11/2022 15:16

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RNS Number : 2694F  Canadian General Investments Ld  03 November 2022

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

 

November 3, 2022

 

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, 2022
was $48.47, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of -19.9% and -19.9%, respectively.  These compare with the -6.2%
and -4.9% 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
October 31, 2022, the combined leverage afforded by both forms of leverage
represented 14.8% of CGI's net assets, up from 13.7% at the end of 2021 and
13.6% at October 31, 2021.

 

The closing price for CGI's common shares at October 31, 2022 was $31.40,
resulting in year-to-date and 12-month share price returns, with dividends
reinvested, of -27.3% and -18.2%, respectively.

 

The sector weightings of CGI's investment portfolio at market as of October
31, 2022 were as follows:

 

 Industrials                  21.2%
 Information Technology       17.5%
 Materials                    16.0%
 Energy                       12.4%
 Consumer Discretionary       12.3%
 Financials                   11.2%
 Real Estate                  5.2%
 Communication Services       2.3%
 Health Care                  1.1%
 Cash & Cash Equivalents      0.8%

 

The top ten investments which comprised 37.5% of the investment portfolio at
market as of October 31, 2022 were as follows:

 

 Canadian Pacific Railway Limited  5.0%
 West Fraser Timber Co. Ltd.       4.5%
 Franco-Nevada Corporation         4.2%
 Apple Inc.                        3.8%
 TFI International Inc.            3.7%
 First Quantum Minerals Ltd.       3.7%
 WSP Global Inc.                   3.4%
 The Descartes Systems Group Inc.  3.2%
 Mastercard Incorporated           3.0%
 Bank of Montreal                  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)

 

 

 

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