Portfolio Update

Canadian General Investments Ld
05 September 2024
 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

September 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 August 31, 2024 was $63.63 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 15.8% and 12.4%, respectively. These compare with the 13.7% and 18.8% 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, 2024, the leverage represented 13.2% of CGI's net assets, down from 15.1% at the end of 2023 and 14.6% at August 31, 2023.

 

The closing price for CGI's common shares at August 31, 2024 was $38.05, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 11.8% and 6.2%, respectively.

 

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

 

Information Technology

22.9%

Industrials

22.3%

Financials

13.5%

Materials

12.3%

Energy

12.3%

Consumer Discretionary

10.1%

Real Estate

4.4%

Communication Services

1.5%

Cash & Cash Equivalents

0.7%



The top ten investments which comprised 39.0% of the investment portfolio at market as of August 31, 2024 were as follows:

 

NVIDIA Corporation

6.9%

TFI International Inc.

4.6%

Canadian Pacific Kansas City Limited

4.2%

Apple Inc.

3.9%

The Descartes Systems Group Inc.

3.6%

WSP Global Inc.

3.5%

West Fraser Timber Co. Ltd.

3.3%

Franco-Nevada Corporation

3.1%

Mastercard Incorporated

3.1%

Dollarama Inc.

2.8%

 

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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