FOR: CANADIAN GENERAL INVESTMENTS,
LIMITED
TSX: CGI
LONDON STOCK EXCHANGE: CGI
July 4, 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 June 30, 2024 was $62.50,
resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 13.3% and 14.2%, respectively. These compare with
the 6.1% and 12.1% 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 June 30, 2024, the leverage
represented 13.4% of CGI's net assets, down from 15.1% at the end
of 2023 and at June 30, 2023.
The closing price for CGI's common shares at June 30,
2024 was $35.91, resulting in year-to-date and 12-month share price
returns, with dividends reinvested, of 4.8% and 6.1%,
respectively.
The sector weightings of CGI's investment portfolio
at market as of June 30, 2024 were as follows:
Industrials
|
22.2%
|
Information Technology
|
21.8%
|
Financials
|
12.9%
|
Energy
|
12.8%
|
Materials
|
11.5%
|
Consumer Discretionary
|
10.0%
|
Real Estate
|
3.8%
|
Cash & Cash
Equivalents
|
3.5%
|
Communication Services
|
1.5%
|
The top ten investments which comprised 39.5%
of the investment portfolio at market as of June 30, 2024 were as
follows:
NVIDIA Corporation
|
7.4%
|
TFI International Inc.
|
4.7%
|
Canadian Pacific Kansas City
Limited
|
4.2%
|
Apple Inc.
|
3.7%
|
The Descartes Systems Group
Inc.
|
3.6%
|
Cash
|
3.5%
|
WSP Global Inc.
|
3.4%
|
Franco-Nevada Corporation
|
3.2%
|
West Fraser Timber Co.
Ltd.
|
2.9%
|
Mastercard Incorporated
|
2.9%
|
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