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: (416) 366-2931

Fax: (416) 366-2729

e-mail: cgifund@mmainvestments.com

website: www.canadiangeneralinvestments.ca

 


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