NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.B, CGI.PR.C
LONDON STOCK EXCHANGE: CGI
April 5, 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 March 31, 2011 was $24.79, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 3.4% and 23.8%, respectively. These compare with the 5.6% and 20.4% 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 March 31, 2011 was $19.77, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 3.4% and 28.3%, respectively.
The sector weightings of CGI's investment portfolio at market as of March 31, 2011 were as follows:
Materials |
28.9% |
Energy |
27.3% |
Financials |
15.0% |
Consumer Discretionary |
10.0% |
Information Technology |
6.1% |
Industrials |
5.6% |
Utilities |
2.4% |
Cash & Cash Equivalents |
2.1% |
Telecommunication Services |
1.9% |
Consumer Staples |
1.2% |
The top ten investments which comprised 29.6% of the investment portfolio at market as of March 31, 2011 were as follows:
Labrador Iron Ore Royalty Corporation |
4.6% |
BMTC Group Inc. |
4.4% |
SXC Health Solutions Corp. |
2.9% |
Pacific Rubiales Energy Corp. |
2.7% |
Brookfield Office Properties Canada |
2.7% |
Bank of Montreal |
2.6% |
IMAX Corporation |
2.6% |
Enbridge Inc. |
2.4% |
Blackpearl Resources Inc. |
2.4% |
Potash Corporation of Saskatchewan Inc. |
2.3% |
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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