NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.B, CGI.PR.C
LONDON STOCK EXCHANGE: CGI
March 5, 2012
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 29, 2012 was $22.93, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 12.2% and -4.9%, respectively. These compare with the 6.1% and -8.1% 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 February 29, 2012 was $17.40, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 8.7% and -7.9%, respectively.
The sector weightings of CGI's investment portfolio at market as of February 29, 2012 were as follows:
Energy |
26.7% |
Materials |
22.8% |
Financials |
19.0% |
Industrials |
8.8% |
Consumer Discretionary |
8.2% |
Information Technology |
8.0% |
Telecommunication Services |
3.0% |
Utilities |
2.8% |
Consumer Staples |
0.7% |
Cash & Cash Equivalents |
0.5% |
Health Care |
0.3% |
The top ten investments which comprised 31.1% of the investment portfolio at market as of February 29, 2012 were as follows:
Labrador Iron Ore Royalty Corporation |
4.5% |
SXC Health Solutions Corp. |
3.3% |
Apple Inc. |
3.3% |
Enbridge Inc. |
3.3% |
Brookfield Canada Office Properties |
3.1% |
BMTC Group Inc. |
3.0% |
Pacific Rubiales Energy Corp. |
2.9% |
Franco-Nevada Corporation |
2.7% |
Bank of Montreal |
2.5% |
Dollarama Inc. |
2.5% |
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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