Portfolio Update

Canadian General Investments Ld

05 June 2024

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

June 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 May 31, 2024 was $61.97, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 12.3% and 20.7%, respectively. These compare with the 7.6% and 17.6% 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 May 31, 2024, the leverage represented 13.5% of CGI's net assets, down from 15.1% at the end of 2023 and 16.1% at May 31, 2023.

The closing price for CGI's common shares at May 31, 2024 was $37.25, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 8.7% and 15.1%, respectively.

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

Industrials	22.1%
Information Technology	21.7%
Energy	15.1%
Financials	13.2%
Materials	11.2%
Consumer Discretionary	9.7%
Real Estate	3.8%
Communication Services	1.6%
Cash & Cash Equivalents	1.6%

The top ten investments which comprised 38.9% of the investment portfolio at market as of May 31, 2024 were as follows:

NVIDIA Corporation	8.2%
TFI International Inc.	4.3%
Canadian Pacific Kansas City Limited	4.2%
Apple Inc.	3.4%
The Descartes Systems Group Inc.	3.4%
Franco-Nevada Corporation	3.3%
WSP Global Inc.	3.3%
West Fraser Timber Co. Ltd.	3.1%
Mastercard Incorporated	3.0%
Dollarama 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

 

END