Canadian General Investments: Investment Update - Unaudited

Canadian General Investments, Limited (CGI) (TSX:CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at February 29, 2024 was $59.95, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 8.2% and 17.4%, respectively. These compare with the 2.4% and 9.2% 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 February 29, 2024, the leverage represented 14.0% of CGI’s net assets, down from 15.1% at the end of 2023 and up from 13.8% at February 28, 2023.

The closing price for CGI’s common shares at February 29, 2024 was $36.91, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 7.0% and 15.3%, respectively.

The sector weightings of CGI’s investment portfolio at market as of February 29, 2024 were as follows:

Industrials	24.7%
Information Technology	21.6%
Financials	13.3%
Energy	12.0%
Consumer Discretionary	10.4%
Materials	9.8%
Real Estate	4.3%
Communication Services	1.8%
Cash & Cash Equivalents	1.4%
Consumer Staples	0.7%

The top ten investments which comprised 38.9% of the investment portfolio at market as of February 29, 2024 were as follows:

NVIDIA Corporation	7.3%
TFI International Inc.	4.9%
Canadian Pacific Kansas City Limited	4.6%
WSP Global Inc.	3.5%
Apple Inc.	3.3%
The Descartes Systems Group Inc.	3.3%
Mastercard Incorporated	3.2%
West Fraser Timber Co. Ltd.	3.2%
Franco-Nevada Corporation	2.9%
Amazon.com, Inc.	2.7%

FOR FURTHER INFORMATION PLEASE CONTACT: Jonathan A. Morgan President & CEO Phone: [phone] Fax: [phone] e-mail: [e-mail] website: www.canadiangeneralinvestments.ca