RNS Number : 0782L
Canadian General Investments Ld
05 November 2024
 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

November 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 October 31, 2024 was $66.42 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 20.9% and 33.5%, respectively. These compare with the 18.2% and 32.1% 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 October 31, 2024, the leverage represented 14.4% of CGI's net assets, down from 15.1% at the end of 2023 and 16.6% at October 31, 2023.

 

The closing price for CGI's common shares at October 31, 2024 was $39.75, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 16.8% and 25.3%, respectively.

 

The sector weightings of CGI's investment portfolio at market as of October 31, 2024 were as follows:

 

Information Technology

24.0%

Industrials

22.7%

Financials

13.3%

Materials

12.4%

Energy

12.3%

Consumer Discretionary

9.6%

Real Estate

4.2%

Communication Services

1.0%

Cash & Cash Equivalents

0.5%

The top ten investments which comprised 39.3% of the investment portfolio at market as of October 31, 2024 were as follows:

 

NVIDIA Corporation

7.6%

TFI International Inc.

4.1%

Canadian Pacific Kansas City Limited

3.9%

Apple Inc.

3.8%

WSP Global Inc.

3.7%

The Descartes Systems Group Inc.

3.6%

Franco-Nevada Corporation

3.4%

West Fraser Timber Co. Ltd.

3.3%

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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