Portfolio Update
RNS Number : 6373L
Canadian General Investments Ld
06 September 2023
 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

September 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 August 31, 2023 was $57.57, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 20.9% and 21.6%, respectively. These compare with the 6.9% and 8.5% 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 August 31, 2023, the leverage represented 14.6% of CGI's net assets, down from 14.9% at the end of 2022 and up from 14.4% at August 31, 2022.

 

The closing price for CGI's common shares at August 31, 2023 was $36.80, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 15.3% and 18.0%, respectively.

 

The sector weightings of CGI's investment portfolio at market as of August 31, 2023 were as follows:

 

Information Technology

23.4%

Industrials

22.0%

Materials

16.0%

Energy

10.9%

Consumer Discretionary

10.8%

Financials

9.3%

Real Estate

4.4%

Communication Services

1.8%

Cash & Cash Equivalents

0.8%

Health Care

0.6%

 


The top ten investments which comprised 42.2% of the investment portfolio at market as of August 31, 2023 were as follows:

 

NVIDIA Corporation

7.4%

First Quantum Minerals Ltd.

4.7%

TFI International Inc.

4.7%

Canadian Pacific Kansas City Limited

4.5%

Franco-Nevada Corporation

4.1%

Apple Inc.

3.8%

West Fraser Timber Co. Ltd.

3.7%

WSP Global Inc.

3.2%

Mastercard Incorporated

3.2%

The Descartes Systems Group Inc.

2.9%

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: (416) 366-2931

Fax: (416) 366-2729

e-mail: [email protected]

website: www.canadiangeneralinvestments.ca

 

 

 

 

                                                                                                                     

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