REG - Canadian General Inv - Portfolio Update

First Quantum MineralsAnnouncement

06/12/2021 08:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211206:nRSF5908Ua&default-theme=true

RNS Number : 5908U  Canadian General Investments Ld  03 December 2021

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

 

December 3, 2021

 

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 November 30, 2021
was $60.40, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 22.6% and 29.4%, respectively.  These compare with the 21.4%
and 23.5% 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
November 30, 2021, the combined leverage afforded by both forms of leverage
represented 13.9% of CGI's net assets, down from 16.8% at the end of 2020 and
17.7% at November 30, 2020.

 

The worldwide spread of novel coronavirus (COVID-19) and its impact on such
factors as business operations, supply chains, travel, commodity prices and
consumer confidence, and the associated impact on domestic and international
equity markets and fixed income yields, is expected to continue to have a
significant influence on the equity markets and could significantly impact the
value of investments held by CGI. Morgan Meighen & Associates Limited, the
manager of the Company, will maintain its consistent, steady, long-term
approach of holding diversified, appropriate investments, while pursuing
selective new opportunities.

 

The closing price for CGI's common shares at November 30, 2021 was $42.81,
resulting in year-to-date and 12-month share price returns, with dividends
reinvested, of 25.8% and 35.9%, respectively.

 

The sector weightings of CGI's investment portfolio at market as of November
30, 2021 were as follows:

 

 Information Technology       28.6%
 Industrials                  20.2%
 Materials                    16.1%
 Consumer Discretionary       11.4%
 Financials                   10.2%
 Energy                       5.8%
 Real Estate                  4.2%
 Communication Services       1.9%
 Health Care                  1.3%
 Cash & Cash Equivalents      0.3%

 

The top ten investments which comprised 39.5% of the investment portfolio at
market as of November 30, 2021 were as follows:

 

 NVIDIA Corporation                7.3%
 Shopify Inc.                      6.1%
 West Fraser Timber Co. Ltd.       3.7%
 Canadian Pacific Railway Limited  3.6%
 Franco-Nevada Corporation         3.5%
 First Quantum Minerals Ltd.       3.4%
 TFI International Inc.            3.1%
 Apple Inc.                        3.1%
 WSP Global Inc.                   2.9%
 The Descartes Systems Group Inc.  2.8%

 

 

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)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  PFUBCBDDRSGDGBX