REG - Canadian General Inv - Portfolio Update

Canadian General InvestmentsAnnouncement

03/05/2024 16:00

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RNS Number : 2475N  Canadian General Investments Ld  03 May 2024

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

May 3, 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 April 30, 2024 was
$60.73, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 9.6% and 15.4%, respectively. These compare with the 4.7% and
8.7% 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 April 30, 2024, the
leverage represented 13.8% of CGI's net assets, down from 15.1% at the end of
2023 and 15.7% at April 30, 2023.

 

The closing price for CGI's common shares at April 30, 2024 was $37.10,
resulting in year-to-date and 12-month share price returns, with dividends
reinvested, of 7.6% and 13.8%, respectively.

 

The sector weightings of CGI's investment portfolio at market as of April 30,
2024 were as follows:

 

 Industrials                  23.2%
 Information Technology       21.0%
 Energy                       14.3%
 Financials                   13.2%
 Materials                    11.1%
 Consumer Discretionary       9.9%
 Real Estate                  3.9%
 Cash & Cash Equivalents      1.8%
 Communication Services       1.6%

 

The top ten investments which comprised 37.8% of the investment portfolio at
market as of April 30, 2024 were as follows:

 

 NVIDIA Corporation                    7.1%
 TFI International Inc.                4.3%
 Canadian Pacific Kansas City Limited  4.3%
 The Descartes Systems Group Inc.      3.5%
 WSP Global Inc.                       3.4%
 Franco-Nevada Corporation             3.3%
 Apple Inc.                            3.1%
 Mastercard Incorporated               3.1%
 West Fraser Timber Co. Ltd.           3.0%
 Amazon.com, Inc.                      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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