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Portfolio Update
RNS Number : 0945C
Canadian General Investments Ld
05 February 2024
 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

February 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 January 31, 2024 was $56.94, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 2.4% and 9.4%, respectively. These compare with the 0.6% and 4.6% 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 January 31, 2024, the leverage represented 14.7% of CGI's net assets, down from 15.1% at the end of 2023 and up from 13.6% at January 31, 2023.

 

The closing price for CGI's common shares at January 31, 2024 was $35.80, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 3.1% and 9.7%, respectively.

 

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

 

Industrials

24.1%

Information Technology

21.2%

Financials

13.5%

Energy

12.1%

Consumer Discretionary

10.7%

Materials

10.3%

Real Estate

4.6%

Communication Services

1.9%

Cash & Cash Equivalents

0.8%

Consumer Staples

0.8%

 

The top ten investments which comprised 37.7% of the investment portfolio at market as of January 31, 2024 were as follows:

 

NVIDIA Corporation

5.9%

Canadian Pacific Kansas City Limited

4.6%

TFI International Inc.

4.5%

Apple Inc.

3.5%

The Descartes Systems Group Inc.

3.5%

WSP Global Inc.

3.4%

West Fraser Timber Co. Ltd.

3.3%

Mastercard Incorporated

3.2%

Franco-Nevada Corporation

3.1%

Shopify Inc.

2.7%

 

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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