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Portfolio Update
RNS Number : 7905V
Canadian General Investments Ld
05 December 2023
 


FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

December 5, 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 November 30, 2023 was $53.38, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 12.6% and 4.9%, respectively. These compare with the 7.5% and 2.3% 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 November 30, 2023, the leverage represented 15.7% of CGI's net assets, up from 14.9% at the end of 2022 and 13.9% at November 30, 2022.

 

The closing price for CGI's common shares at November 30, 2023 was $34.30, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 8.2% and 0.8%, respectively.

 

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

 

Information Technology

24.5%

Industrials

23.3%

Energy

13.1%

Consumer Discretionary

10.8%

Materials

10.5%

Financials

10.0%

Real Estate

4.4%

Communication Services

2.0%

Health Care

0.8%

Cash & Cash Equivalents

0.6%

 

The top ten investments which comprised 38.8% of the investment portfolio at market as of November 30, 2023 were as follows:

 

NVIDIA Corporation

6.7%

TFI International Inc.

4.3%

Canadian Pacific Kansas City Limited

4.3%

Apple Inc.

4.1%

WSP Global Inc.

3.4%

The Descartes Systems Group Inc.

3.4%

Franco-Nevada Corporation

3.4%

Mastercard Incorporated

3.4%

West Fraser Timber Co. Ltd.

3.2%

Shopify Inc.

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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