NEWS RELEASE TRANSMITTED BY MARKETWIRED
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.C, CGI.PR.D
LONDON STOCK EXCHANGE: CGI
April 3, 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 March 31, 2014 was $26.62, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 4.3% and 20.1%, respectively. These compare with the 6.1% and 16.0% 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, 2014 was $18.00, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -1.5% and 17.7%, respectively.
The sector weightings of CGI's investment portfolio at market as of March 31, 2014 were as follows:
Financials |
22.0% |
Energy |
20.9% |
Consumer Discretionary |
16.6% |
Industrials |
12.9% |
Materials |
12.5% |
Information Technology |
6.0% |
Telecommunication Services |
3.6% |
Health Care |
2.5% |
Consumer Staples |
1.3% |
Utilities |
1.1% |
Cash & Cash Equivalents |
0.5% |
The top ten investments which comprised 29.6% of the investment portfolio at market as of
March 31, 2014 were as follows:
Dollarama Inc. |
4.4% |
Enbridge Inc. |
3.6% |
Canadian Pacific Railway Limited |
3.1% |
Element Financial Corporation |
3.0% |
Bank of Montreal |
2.9% |
Methanex Corporation |
2.8% |
Royal Bank of Canada |
2.5% |
Catamaran Corporation |
2.5% |
Brookfield Canada Office Properties |
2.4% |
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.canadiangeneralinvestments.ca
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