Portfolio Update

Canadian General Investments Ld

05 February 2024

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

February 5, 2024

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 January 31, 2024 was $56.94, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 2.4% and 9.4%, respectively. These compare with the 0.6% and 4.6% 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 January 31, 2024, the leverage represented 14.7% of CGI's net assets, down from 15.1% at the end of 2023 and up from 13.6% at January 31, 2023.

The closing price for CGI's common shares at January 31, 2024 was $35.80, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 3.1% and 9.7%, respectively.

The sector weightings of CGI's investment portfolio at market as of January 31, 2024 were as follows:

Industrials	24.1%
Information Technology	21.2%
Financials	13.5%
Energy	12.1%
Consumer Discretionary	10.7%
Materials	10.3%
Real Estate	4.6%
Communication Services	1.9%
Cash & Cash Equivalents	0.8%
Consumer Staples	0.8%

The top ten investments which comprised 37.7% of the investment portfolio at market as of January 31, 2024 were as follows:

NVIDIA Corporation	5.9%
Canadian Pacific Kansas City Limited	4.6%
TFI International Inc.	4.5%
Apple Inc.	3.5%
The Descartes Systems Group Inc.	3.5%
WSP Global Inc.	3.4%
West Fraser Timber Co. Ltd.	3.3%
Mastercard Incorporated	3.2%
Franco-Nevada Corporation	3.1%
Shopify Inc.	2.7%

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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