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Portfolio Update
RNS Number : 3970S
Canadian General Investments Ld
03 November 2023
 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

November 3, 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 October 31, 2023 was $50.60, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 6.3% for both periods. These compare with the 0.1% and 0.4% 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 October 31, 2023, the leverage represented 16.6% of CGI's net assets, up from 14.9% at the end of 2022 and 14.8% at October 31, 2022.

 

The closing price for CGI's common shares at October 31, 2023 was $32.58, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 2.0% and 6.7%, respectively.

 

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

 

Information Technology

23.3%

Industrials

22.0%

Energy

13.3%

Materials

12.9%

Consumer Discretionary

11.7%

Financials

9.5%

Real Estate

4.3%

Communication Services

1.8%

Health Care

0.8%

Cash & Cash Equivalents

0.4%

 

The top ten investments which comprised 40.0% of the investment portfolio at market as of October 31, 2023 were as follows:

 

NVIDIA Corporation

7.1%

Canadian Pacific Kansas City Limited

4.6%

TFI International Inc.

4.4%

Apple Inc.

4.0%

Franco-Nevada Corporation

4.0%

WSP Global Inc.

3.5%

Mastercard Incorporated

3.3%

The Descartes Systems Group Inc.

3.3%

West Fraser Timber Co. Ltd.

3.2%

Enerplus Corporation

2.6%

 

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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