FOR: CANADIAN GENERAL INVESTMENTS,
LIMITED
TSX: CGI
LONDON STOCK EXCHANGE: CGI
January 6, 2025
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 December 31, 2024 was $69.32,
resulting in a one-year NAV return, with dividends reinvested, of
26.6%. This compares with the 21.6% return of the benchmark
S&P/TSX Composite Index on a total return basis for the same
period.
The Company employs a leveraging
strategy, by way of bank borrowing, with the intent to enhance
returns to common shareholders. As at December 31, 2024, the
leverage represented 13.8% of CGI's net assets, down from 15.1% at
the end of 2023.
The closing price for CGI's common shares at December
31, 2023 was $40.48, resulting in an annual share price return,
with dividends reinvested, of 19.6%.
The sector weightings of CGI's investment portfolio
at market as of December 31, 2024 were as follows:
|
Industrials
|
23.4%
|
|
Information Technology
|
23.0%
|
|
Financials
|
13.4%
|
|
Energy
|
12.3%
|
|
Materials
|
11.2%
|
|
Consumer Discretionary
|
9.7%
|
|
Real Estate
|
4.2%
|
|
Cash & Cash
Equivalents
|
2.1%
|
|
Communication Services
|
0.7%
|
The top ten investments which comprised 36.3%
of the investment portfolio at market as of December 31, 2024 were
as follows:
|
NVIDIA Corporation
|
4.5%
|
|
TFI International Inc.
|
4.1%
|
|
The Descartes Systems Group
Inc.
|
4.0%
|
|
Apple Inc.
|
3.8%
|
|
Canadian Pacific Kansas City
Limited
|
3.6%
|
|
WSP Global Inc.
|
3.6%
|
|
Mastercard Incorporated
|
3.3%
|
|
Shopify Inc.
|
3.2%
|
|
West Fraser Timber Co.
Ltd.
|
3.2%
|
|
Franco-Nevada Corporation
|
3.0%
|
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
