3rd May 2024 15:45
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: [email protected]
website: www.canadiangeneralinvestments.ca