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CGI Canadian General Investments Ld

2,210.00
20.00 (0.91%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Canadian General Investments Ld LSE:CGI London Ordinary Share CA1358251074 COM NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  20.00 0.91% 2,210.00 2,200.00 2,220.00 2,210.00 2,200.00 2,200.00 1,536 14:59:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 200.35M 174.15M 8.3482 4.54 790.64M

Canadian General Investments Ld Portfolio Update (5658U)

06/04/2021 4:39pm

UK Regulatory


Canadian General Investm... (LSE:CGI)
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TIDMCGI

RNS Number : 5658U

Canadian General Investments Ld

06 April 2021

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

April 6, 2021

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 March 31, 2021 was $52.19, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 4.8% and 94.3%, respectively. These compare with the 8.1% and 44.2% 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 preference shares and bank borrowing, in an effort to enhance returns to common shareholders. As at March 31, 2021, the combined leverage afforded by both forms of leverage represented 16.1% of CGI's net assets, down from 16.8% at the end of 2020 and 30.6% at March 31, 2020.

The worldwide spread of novel coronavirus (COVID-19) and its impact on such factors as business operations, supply chains, travel, commodity prices and consumer confidence, and the associated impact on domestic and international equity markets and fixed income yields, is expected to continue to have a significant influence on the equity markets and could significantly impact the value of investments held by CGI. Morgan Meighen & Associates Limited, the manager of the Company, will maintain its consistent, steady, long-term approach of holding diversified, appropriate investments, while pursuing selective new opportunities.

The closing price for CGI's common shares at March 31, 2021 was $35.99, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 4.0% and 89.9%, respectively.

The sector weightings of CGI's investment portfolio at market as of March 31, 2021 were as follows:

 
 Information Technology     26.6% 
 Industrials                22.7% 
 Materials                  16.4% 
 Consumer Discretionary     11.8% 
 Financials                 10.3% 
 Energy                      4.7% 
 Real Estate                 3.6% 
 Communication Services      2.0% 
 Health Care                 1.3% 
 Cash & Cash Equivalents     0.6% 
 

The top ten investments which comprised 36.7% of the investment portfolio at market as of March 31, 2021 were as follows:

 
 Shopify Inc.                        6.9% 
 Canadian Pacific Railway Limited    4.4% 
 West Fraser Timber Co. Ltd.         3.6% 
 Franco-Nevada Corporation           3.6% 
 First Quantum Minerals Ltd.         3.4% 
 NVIDIA Corporation                  3.3% 
 Amazon.com, Inc.                    3.1% 
 Lightspeed POS Inc.                 2.9% 
 Mastercard Incorporated             2.8% 
 Square, Inc.                        2.7% 
 

FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian General Investments, Limited

Jonathan A. Morgan

President and CEO

Phone: (416) 366-2931

Fax: (416) 366-2729

e-mail: cgifund@mmainvestments.com

website: www.canadiangeneralinvestments.ca

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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(END) Dow Jones Newswires

April 06, 2021 11:39 ET (15:39 GMT)

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