NEWS RELEASE TRANSMITTED BY MARKETWIRED
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.C, CGI.PR.D
LONDON STOCK EXCHANGE: CGI
January 6, 2014
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 December 31, 2013 was $25.64, resulting in a one-year NAV return, with dividends reinvested, of 20.9%. This compares with the 13.0% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.
The closing price for CGI's common shares at December 31, 2013 was $18.40, resulting in an annual share price return, with dividends reinvested, of 22.0%.
The sector weightings of CGI's investment portfolio at market as of December 31, 2013 were as follows:
Financials |
21.9% |
Energy |
19.1% |
Consumer Discretionary |
15.1% |
Industrials |
13.7% |
Materials |
12.2% |
Information Technology |
6.4% |
Telecommunication Services |
3.7% |
Health Care |
3.2% |
Utilities |
1.8% |
Consumer Staples |
1.6% |
Cash & Cash Equivalents |
1.3% |
The top ten investments which comprised 30.1% of the investment portfolio at market as of
December 31, 2013 were as follows:
Dollarama Inc. |
4.7% |
Enbridge Inc. |
3.4% |
Catamaran Corporation |
3.2% |
Canadian Pacific Railway Limited |
3.1% |
Element Financial Corporation |
2.9% |
Bank of Montreal |
2.8% |
Royal Bank of Canada |
2.6% |
Rogers Communications Inc. |
2.5% |
Methanex Corporation |
2.5% |
Stantec Inc. |
2.4% |
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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