NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.B, CGI.PR.C
LONDON STOCK EXCHANGE: CGI
March 3, 2011
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 February 28, 2011 was $25.03, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 4.1% and 35.0%, respectively. These compare with the 5.5% and 24.8% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
The closing price for CGI's common shares at February 28, 2011 was $19.86, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 3.5% and 34.8%, respectively.
The sector weightings of CGI's investment portfolio at market as of February 28, 2011 were as follows:
Energy |
30.4% |
Materials |
29.0% |
Financials |
14.5% |
Consumer Discretionary |
9.5% |
Information Technology |
5.9% |
Industrials |
5.2% |
Utilities |
2.3% |
Telecommunication Services |
1.8% |
Consumer Staples |
1.2% |
Cash & Cash Equivalents |
0.2% |
The top ten investments which comprised 29.4% of the investment portfolio at market as of February 28, 2011 were as follows:
BMTC Group Inc. |
4.3% |
Labrador Iron Ore Royalty Corporation |
4.1% |
Pacific Rubiales Energy Corp. |
3.8% |
Brookfield Office Properties Canada |
2.6% |
Blackpearl Resources Inc. |
2.6% |
SXC Health Solutions Corp. |
2.6% |
Bank of Montreal |
2.5% |
Potash Corporation of Saskatchewan Inc. |
2.4% |
Enbridge Inc. |
2.3% |
Western Coal Corp. |
2.2% |
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FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: cgifund@mmainvestments.com
website: www.mmainvestments.com