Portfolio Update

Canadian General Investments Ld

06 July 2023

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

July 6, 2023

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 June 30, 2023 was $55.66, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 16.4% and 25.6%, respectively.  These compare with the 5.7% and 10.4% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.

The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at June 30, 2023, the leverage represented 15.1% of CGI's net assets, up from 14.9% at the end of 2022 and down from 15.4% at June 30, 2022.

The closing price for CGI's common shares at June 30, 2023 was $34.78, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 8.2% and 11.7%, respectively.

The sector weightings of CGI's investment portfolio at market as of June 30, 2023 were as follows:

Information Technology	23.4%
Industrials	21.4%
Materials	16.4%
Consumer Discretionary	11.0%
Energy	10.2%
Financials	9.6%
Real Estate	4.7%
Communication Services	2.0%
Health Care	0.7%
Cash & Cash Equivalents	0.6%

The top ten investments which comprised 41.5% of the investment portfolio at market as of June 30, 2023 were as follows:

NVIDIA Corporation	7.0%
Canadian Pacific Kansas City Limited	4.6%
West Fraser Timber Co. Ltd.	4.3%
First Quantum Minerals Ltd.	4.2%
Franco-Nevada Corporation	4.1%
Apple Inc.	4.0%
TFI International Inc.	4.0%
The Descartes Systems Group Inc.	3.2%
WSP Global Inc.	3.1%
Mastercard Incorporated	3.0%

FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian General Investments, Limited

Jonathan A. Morgan

President and CEO

Phone: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.canadiangeneralinvestments.ca

 

END