NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.B, CGI.PR.C
LONDON STOCK EXCHANGE: CGI
April 6, 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 March 31, 2010 was $20.90, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 8.8% and 66.2%, respectively. These compare with the 3.1% and 42.1% 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 March 31, 2010 was $16.25, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 3.0% and 62.6%, respectively.
The sector weightings of CGI's investment portfolio at market as of March 31, 2010 were as follows:
Materials |
27.5% |
Energy |
26.8% |
Financials |
15.8% |
Industrials |
7.1% |
Consumer Discretionary |
6.9% |
Information Technology |
6.0% |
Cash & Cash Equivalents |
3.3% |
Consumer Staples |
2.7% |
Telecommunication Services |
2.1% |
Utilities |
2.0% |
The top ten investments which comprised 28.2% of the investment portfolio at market as of March 31, 2010 were as follows:
BMTC Group Inc. |
3.9% |
Labrador Iron Ore Royalty Income Fund |
3.6% |
Pacific Rubiales Energy Corp. |
3.0% |
Royal Bank of Canada |
2.8% |
BPO Properties Ltd. |
2.7% |
Bank of Montreal |
2.6% |
Canadian Treasury Bills |
2.6% |
Petrobank Energy and Resources Ltd. |
2.4% |
SXC Health Solutions Corp. |
2.3% |
Franco-Nevada Corporation |
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