Portfolio Update

Canadian General Investments Ld

05 November 2024

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

November 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 October 31, 2024 was $66.42 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 20.9% and 33.5%, respectively. These compare with the 18.2% and 32.1% 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 October 31, 2024, the leverage represented 14.4% of CGI's net assets, down from 15.1% at the end of 2023 and 16.6% at October 31, 2023.

The closing price for CGI's common shares at October 31, 2024 was $39.75, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 16.8% and 25.3%, respectively.

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

Information Technology	24.0%
Industrials	22.7%
Financials	13.3%
Materials	12.4%
Energy	12.3%
Consumer Discretionary	9.6%
Real Estate	4.2%
Communication Services	1.0%
Cash & Cash Equivalents	0.5%

The top ten investments which comprised 39.3% of the investment portfolio at market as of October 31, 2024 were as follows:

NVIDIA Corporation	7.6%
TFI International Inc.	4.1%
Canadian Pacific Kansas City Limited	3.9%
Apple Inc.	3.8%
WSP Global Inc.	3.7%
The Descartes Systems Group Inc.	3.6%
Franco-Nevada Corporation	3.4%
West Fraser Timber Co. Ltd.	3.3%
Mastercard Incorporated	3.1%
Dollarama Inc.	2.8%

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.canadiangeneralinvestments.ca

 

END