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Portfolio Update
RNS Number : 2487F
Canadian General Investments Ld
06 July 2023
 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

 

July 6, 2023

 

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 June 30, 2023 was $55.66, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 16.4% and 25.6%, respectively.  These compare with the 5.7% and 10.4% 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 June 30, 2023, the leverage represented 15.1% of CGI's net assets, up from 14.9% at the end of 2022 and down from 15.4% at June 30, 2022.

 

The closing price for CGI's common shares at June 30, 2023 was $34.78, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 8.2% and 11.7%, respectively.

 

The sector weightings of CGI's investment portfolio at market as of June 30, 2023 were as follows:

 

Information Technology

23.4%

Industrials

21.4%

Materials

16.4%

Consumer Discretionary

11.0%

Energy

10.2%

Financials

9.6%

Real Estate

4.7%

Communication Services

2.0%

Health Care

0.7%

Cash & Cash Equivalents

0.6%

 

The top ten investments which comprised 41.5% of the investment portfolio at market as of June 30, 2023 were as follows:

 

NVIDIA Corporation

7.0%

Canadian Pacific Kansas City Limited

4.6%

West Fraser Timber Co. Ltd.

4.3%

First Quantum Minerals Ltd.

4.2%

Franco-Nevada Corporation

4.1%

Apple Inc.

4.0%

TFI International Inc.

4.0%

The Descartes Systems Group Inc.

3.2%

WSP Global Inc.

3.1%

Mastercard Incorporated

3.0%

 

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: [email protected]

website: www.canadiangeneralinvestments.ca

 

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