Net Asset Value(s)

RNS Number : 5878R

Canadian General Investments Ld

06 July 2022

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

July 6, 2022

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 June 30, 2022 was $45.12, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -25.8% and -19.2%, respectively.  These compare with the -9.9% and -3.9% 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 preference shares and bank borrowing, in an effort to enhance returns to common shareholders. As at June 30, 2022, the combined leverage afforded by both forms of leverage represented 15.4% of CGI's net assets, up from 13.7% at the end of 2021 and 14.8% at June 30, 2021.

The closing price for CGI's common shares at June 30, 2022 was $32.03, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -26.4% and -15.2%, respectively.

The sector weightings of CGI's investment portfolio at market as of June 30, 2022 were as follows:

Industrials	20.0%
Materials	18.5%
Information Technology	17.5%
Consumer Discretionary	12.0%
Financials	11.6%
Energy	10.9%
Real Estate	5.3%
Communication Services	2.6%
Health Care	1.3%
Cash & Cash Equivalents	0.3%

The top ten investments which comprised 36.9% of the investment portfolio at market as of June 30, 2022 were as follows:

Canadian Pacific Railway Limited	4.8%
West Fraser Timber Co. Ltd.	4.6%
Franco-Nevada Corporation	4.5%
First Quantum Minerals Ltd.	4.1%
Apple Inc.	3.4%
TFI International Inc.	3.3%
WSP Global Inc.	3.2%
Bank of Montreal	3.1%
NVIDIA Corporation	3.0%
The Descartes Systems Group Inc.	2.9%

        FOR FURTHER INFORMATION PLEASE CONTACT:
        
        Canadian General Investments, Limited
        
        Jonathan A. Morgan
        
        President and CEO
        
        Phone: [phone]
        
        Fax: [phone]
        
        e-mail:
        
        
          [e-mail]
        
        
        website:
        
        
          
            www.canadiangeneralinvestments.ca
          
        
      

 

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