Edison review on Canadian General Investments

RNS Number : 2263K

Canadian General Investments Ld

19 September 2016

 

London, UK, 19 September 2016

Edison issues research review on Canadian General Investments (CGI)

Canadian General Investments (CGI) is a closed-end investment fund listed on both the TSX and LSE; it is registered as a Canadian investment corporation. CGI aims to outperform the benchmark S&P/TSX index by investing in an actively managed portfolio of primarily Canadian stocks. Given its diversified exposure to the Canadian equity market, CGI could be viewed as a 'one-stop shop' for investment in the country. It has a progressive dividend policy; emphasis has shifted to quarterly rather than year-end special dividends. The 2016 prospective yield is 3.6%. High share ownership by related parties ensures that management's and shareholders' interests are closely aligned - although it may also be a factor in the wider than average discount.

CGI's current share price discount to net asset value of 31.3% is wider than the averages of the last one, three, five and 10 years. There is scope for the discount to narrow if CGI generates a sustained period of significant investment outperformance, or if there is a higher level of demand for Canadian equities. CGI has a progressive dividend policy, with a greater emphasis on regular quarterly rather than special final dividends. The prospective dividend yield for 2016 is 3.6%.  

Click here to view the full report

All reports published by Edison are available to download free of charge from its website: www.edisoninvestmentresearch.com

About Edison: Edison is an international equity research firm with a team of over 110 analysts, investment and roadshow professionals and works with both large and smaller capitalised companies, blue chip institutional investors, wealth managers, private equity and corporate finance houses to support their capital markets activity. Edison provides services to more than 420 retained corporate and investor clients from offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

Contact details: Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn	www.linkedin.com/company/edison-investment-research
Twitter	www.twitter.com/Edison_Inv_Res
YouTube	www.youtube.com/edisonitv
Google+	https://plus.google.com/105425025202328783163/posts

 

END

 

 

NRALKLFFQKFXBBK