Canadian General Inv - Portfolio Update

Canadian General Investments

06/02/2023 07:00

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RNS Number : 9382O  Canadian General Investments Ld  03 February 2023

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

 

February 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 January 31, 2023
was $52.99, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 9.8% and -5.9%, respectively.  These compare with the 7.4% and
1.6% 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
January 31, 2023, the combined leverage afforded by both forms of leverage
represented 13.6% of CGI's net assets, down from 14.9% at the end of 2022 and
14.6% at January 31, 2022.

 

The closing price for CGI's common shares at January 31, 2023 was $33.56,
resulting in year-to-date and 12-month share price returns, with dividends
reinvested, of 2.9% and -15.6%, respectively.

 

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

 

 Industrials                  21.1%
 Information Technology       18.2%
 Materials                    17.6%
 Consumer Discretionary       12.1%
 Financials                   11.2%
 Energy                       11.1%
 Real Estate                  5.2%
 Communication Services       2.3%
 Health Care                  0.9%
 Cash & Cash Equivalents      0.3%

 

The top ten investments which comprised 38.6% of the investment portfolio at
market as of January 31, 2023 were as follows:

 

 Canadian Pacific Railway Limited  4.8%
 West Fraser Timber Co. Ltd.       4.7%
 Franco-Nevada Corporation         4.5%
 First Quantum Minerals Ltd.       4.4%
 TFI International Inc.            4.1%
 NVIDIA Corporation                3.5%
 Apple Inc.                        3.2%
 WSP Global Inc.                   3.2%
 The Descartes Systems Group Inc.  3.1%
 Mastercard Incorporated           3.1%

 

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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