Canadian General Investments Ld Portfolio Update

RNS Number : 7159F

Canadian General Investments Ld

05 March 2024

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

March 5, 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 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

 

                                 

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