Portfolio Update

RNS Number : 6808N

Canadian General Investments Ld

06 June 2022

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

June 3, 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 May 31, 2022 was $51.28, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -15.7% and -3.1%, respectively.  These compare with the -1.3% and 7.9% 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 May 31, 2022, the combined leverage afforded by both forms of leverage represented 16.4% of CGI's net assets, up from 13.7% at the end of 2021 and 15.6% at May 31, 2021.

The closing price for CGI's common shares at May 31, 2022 was $36.47, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -16.2% and 0.9%, respectively.

The sector weightings of CGI's investment portfolio at market as of May 31, 2022 were as follows:

Materials	21.3%
Industrials	18.1%
Information Technology	16.5%
Consumer Discretionary	11.2%
Financials	11.2%
Energy	11.0%
Real Estate	4.9%
Communication Services	2.4%
Cash & Cash Equivalents	2.2%
Health Care	1.2%

The top ten investments which comprised 35.8% of the investment portfolio at market as of May 31, 2022 were as follows:

First Quantum Minerals Ltd.	5.3%
West Fraser Timber Co. Ltd.	4.7%
Canadian Pacific Railway Limited	4.1%
Franco-Nevada Corporation	4.1%
NVIDIA Corporation	3.2%
Apple Inc.	3.1%
Bank of Montreal	3.0%
TFI International Inc.	2.9%
Mastercard Incorporated	2.8%
WSP Global Inc.	2.6%

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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