Portfolio Update

RNS Number : 5140Y

Canadian General Investments Ld

06 September 2022

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

September 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 August 31, 2022 was $48.21, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -20.4% and -18.3%, respectively.  These compare with the -7.2% and -3.4% 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 August 31, 2022, the combined leverage afforded by both forms of leverage represented 14.4% of CGI's net assets, up from 13.7% at the end of 2021 and 14.0% at August 31, 2021.

The closing price for CGI's common shares at August 31, 2022 was $32.05, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -25.8% and -17.9%, respectively.

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

Industrials	21.3%
Materials	18.0%
Information Technology	17.3%
Consumer Discretionary	12.2%
Financials	11.3%
Energy	11.0%
Real Estate	5.2%
Communication Services	2.4%
Health Care	1.0%
Cash & Cash Equivalents	0.3%

The top ten investments which comprised 37.6% of the investment portfolio at market as of August 31, 2022 were as follows:

West Fraser Timber Co. Ltd.	5.2%
Canadian Pacific Railway Limited	4.9%
TFI International Inc.	4.0%
Franco-Nevada Corporation	4.0%
Apple Inc.	3.7%
First Quantum Minerals Ltd.	3.6%
The Descartes Systems Group Inc.	3.2%
WSP Global Inc.	3.2%
Bank of Montreal	2.9%
Mastercard Incorporated	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

 

END

 

 

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