FOR: CANADIAN GENERAL INVESTMENTS,
LIMITED
TSX: CGI
LONDON STOCK EXCHANGE: CGI
February 5, 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 January 31, 2025 was $70.79
resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 2.1% and 26.3%, respectively. These compare with the
3.5% and 25.2% 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 January 31, 2025, the leverage represented
13.5% of CGI's net assets, down from 13.8% at the end of 2024 and
14.7% at January 31, 2024.
The closing price for CGI's common shares at January
31, 2025 was $39.75, resulting in year-to-date and 12-month share
price returns, with dividends reinvested, of -1.8% and 14.0%,
respectively.
The sector weightings of CGI's investment portfolio
at market as of January 31, 2025 were as follows:
|
Information Technology
|
23.7%
|
|
Industrials
|
22.7%
|
|
Financials
|
13.9%
|
|
Energy
|
11.7%
|
|
Materials
|
11.4%
|
|
Consumer Discretionary
|
9.9%
|
|
Real Estate
|
4.2%
|
|
Cash & Cash
Equivalents
|
1.9%
|
|
Communication Services
|
0.6%
|
The top ten investments which comprised 37.0%
of the investment portfolio at market as of January 31, 2025 were
as follows:
|
The Descartes Systems Group
Inc.
|
4.0%
|
|
TFI International Inc.
|
4.0%
|
|
Canadian Pacific Kansas City
Limited
|
4.0%
|
|
NVIDIA Corporation
|
3.9%
|
|
Celestica Inc.
|
3.7%
|
|
Apple Inc.
|
3.5%
|
|
Shopify Inc.
|
3.5%
|
|
WSP Global Inc.
|
3.5%
|
|
Mastercard Incorporated
|
3.5%
|
|
Franco-Nevada Corporation
|
3.4%
|
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
