Portfolio Update

Canadian General Investments Ld

06 September 2023

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

September 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 August 31, 2023 was $57.57, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 20.9% and 21.6%, respectively. These compare with the 6.9% and 8.5% 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 August 31, 2023, the leverage represented 14.6% of CGI's net assets, down from 14.9% at the end of 2022 and up from 14.4% at August 31, 2022.

The closing price for CGI's common shares at August 31, 2023 was $36.80, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 15.3% and 18.0%, respectively.

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

Information Technology	23.4%
Industrials	22.0%
Materials	16.0%
Energy	10.9%
Consumer Discretionary	10.8%
Financials	9.3%
Real Estate	4.4%
Communication Services	1.8%
Cash & Cash Equivalents	0.8%
Health Care	0.6%

The top ten investments which comprised 42.2% of the investment portfolio at market as of August 31, 2023 were as follows:

NVIDIA Corporation	7.4%
First Quantum Minerals Ltd.	4.7%
TFI International Inc.	4.7%
Canadian Pacific Kansas City Limited	4.5%
Franco-Nevada Corporation	4.1%
Apple Inc.	3.8%
West Fraser Timber Co. Ltd.	3.7%
WSP Global Inc.	3.2%
Mastercard Incorporated	3.2%
The Descartes Systems Group Inc.	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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