Portfolio Update

Canadian General Investments Ld

03 August 2023

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

August 3, 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 July 31, 2023 was $58.05, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 21.4% and 19.2%, respectively.  These compare with the 8.4% and 8.2% 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 July 31, 2023, the leverage represented 14.5% of CGI's net assets, down from 14.9% at the end of 2022 and up from 14.0% at July 31, 2022.

The closing price for CGI's common shares at July 31, 2023 was $36.40, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 13.3% and 12.8%, respectively.

The sector weightings of CGI's investment portfolio at market as of July 31, 2023 were as follows:

Information Technology	22.7%
Industrials	21.7%
Materials	16.8%
Energy	10.8%
Consumer Discretionary	10.8%
Financials	9.7%
Real Estate	4.3%
Communication Services	1.8%
Cash & Cash Equivalents	0.7%
Health Care	0.7%

The top ten investments which comprised 41.7% of the investment portfolio at market as of July 31, 2023 were as follows:

NVIDIA Corporation	6.8%
First Quantum Minerals Ltd.	5.1%
Canadian Pacific Kansas City Limited	4.5%
TFI International Inc.	4.3%
West Fraser Timber Co. Ltd.	4.1%
Franco-Nevada Corporation	4.0%
Apple Inc.	3.9%
WSP Global Inc.	3.1%
The Descartes Systems Group Inc.	3.0%
Mastercard Incorporated	2.9%

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.canadiangeneralinvestments.ca

 

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