NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.B, CGI.PR.C
LONDON STOCK EXCHANGE: CGI
March 3, 2010
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 February 28, 2010 was $19.36 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 0.5% and 56.7%, respectively. These compare with the -0.6% and 47.6% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
The closing price for CGI's common shares at February 28, 2010 was $15.55, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -1.8% and 78.9%, respectively.
The sector weightings of CGI's investment portfolio at market as of February 28, 2010 were as follows:
Materials |
26.9% |
Energy |
25.5% |
Financials |
16.3% |
Industrials |
6.9% |
Consumer Discretionary |
6.5% |
Information Technology |
5.8% |
Cash & Cash Equivalents |
4.7% |
Consumer Staples |
3.2% |
Telecommunication Services |
2.3% |
Utilities |
1.9% |
The top ten investments which comprised 28.3% of the investment portfolio at market as of February 28, 2010 were as follows:
BMTC Group Inc. |
3.9% |
Labrador Iron Ore Royalty Income Fund |
3.3% |
BPO Properties Ltd. |
3.1% |
Royal Bank of Canada |
2.8% |
Canadian Treasury Bills |
2.7% |
Pacific Rubiales Energy Corp. |
2.7% |
Bank of Montreal |
2.5% |
Petrobank Energy and Resources Ltd. |
2.5% |
Franco-Nevada Corporation |
2.5% |
Enbridge Inc. |
2.3% |
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FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: cgifund@mmainvestments.com
website: www.mmainvestments.com