Portfolio Update

Canadian General Investments Ld

06 August 2024

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

August 6, 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 July 31, 2024 was $65.46 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 18.6% and 14.7%, respectively. These compare with the 12.3% and 15.7% 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, 2024, the leverage represented 12.8% of CGI's net assets, down from 15.1% at the end of 2023 and 14.5% at July 31, 2023.

The closing price for CGI's common shares at July 31, 2024 was $40.50, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 18.2% and 14.3%, respectively.

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

Industrials	22.5%
Information Technology	21.6%
Financials	13.2%
Energy	13.0%
Materials	12.2%
Consumer Discretionary	10.0%
Real Estate	4.2%
Cash & Cash Equivalents	1.8%
Communication Services	1.5%

The top ten investments which comprised 39.1% of the investment portfolio at market as of July 31, 2024 were as follows:

NVIDIA Corporation	6.8%
TFI International Inc.	4.8%
Canadian Pacific Kansas City Limited	4.3%
Apple Inc.	3.8%
The Descartes Systems Group Inc.	3.6%
WSP Global Inc.	3.5%
Franco-Nevada Corporation	3.3%
West Fraser Timber Co. Ltd.	3.3%
Mastercard Incorporated	3.0%
Amazon.com, 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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