FOR: CANADIAN GENERAL INVESTMENTS,
LIMITED
TSX: CGI
LONDON STOCK EXCHANGE: CGI
October 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 September 30, 2024 was $65.37
resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 18.9% and 22.4%, respectively. These compare with
the 17.2% and 26.7% 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 September 30, 2024, the
leverage represented 12.8% of CGI's net assets, down from 15.1% at
the end of 2023 and 15.4% at September 30, 2023.
The closing price for CGI's common shares at
September 30, 2024 was $39.95, resulting in year-to-date and
12-month share price returns, with dividends reinvested, of 17.4%
and 15.2%, respectively.
The sector weightings of CGI's investment portfolio
at market as of September 30, 2024 were as follows:
|
Information Technology
|
23.0%
|
|
Industrials
|
22.2%
|
|
Financials
|
13.6%
|
|
Materials
|
13.1%
|
|
Energy
|
11.9%
|
|
Consumer Discretionary
|
10.0%
|
|
Real Estate
|
4.4%
|
|
Communication Services
|
1.5%
|
|
Cash & Cash
Equivalents
|
0.3%
|
The top ten investments which comprised 39.4%
of the investment portfolio at market as of September 30, 2024 were
as follows:
|
NVIDIA Corporation
|
7.0%
|
|
Canadian Pacific Kansas City
Limited
|
4.3%
|
|
TFI International Inc.
|
4.2%
|
|
Apple Inc.
|
3.9%
|
|
WSP Global Inc.
|
3.7%
|
|
The Descartes Systems Group
Inc.
|
3.6%
|
|
West Fraser Timber Co.
Ltd.
|
3.6%
|
|
Franco-Nevada Corporation
|
3.2%
|
|
Mastercard Incorporated
|
3.1%
|
|
Dollarama Inc.
|
2.8%
|
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
