RNS Number : 8834G
Canadian General Investments Ld
03 October 2024
 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

October 3, 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 September 30, 2024 was $65.37 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 18.9% and 22.4%, respectively. These compare with the 17.2% and 26.7% 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 September 30, 2024, the leverage represented 12.8% of CGI's net assets, down from 15.1% at the end of 2023 and 15.4% at September 30, 2023.

 

The closing price for CGI's common shares at September 30, 2024 was $39.95, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 17.4% and 15.2%, respectively.

 

The sector weightings of CGI's investment portfolio at market as of September 30, 2024 were as follows:

 

Information Technology

23.0%

Industrials

22.2%

Financials

13.6%

Materials

13.1%

Energy

11.9%

Consumer Discretionary

10.0%

Real Estate

4.4%

Communication Services

1.5%

Cash & Cash Equivalents

0.3%

The top ten investments which comprised 39.4% of the investment portfolio at market as of September 30, 2024 were as follows:

 

NVIDIA Corporation

7.0%

Canadian Pacific Kansas City Limited

4.3%

TFI International Inc.

4.2%

Apple Inc.

3.9%

WSP Global Inc.

3.7%

The Descartes Systems Group Inc.

3.6%

West Fraser Timber Co. Ltd.

3.6%

Franco-Nevada Corporation

3.2%

Mastercard Incorporated

3.1%

Dollarama Inc.

2.8%

 

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

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