Portfolio Update

Canadian General Investments Ld

03 November 2023

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

November 3, 2023

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 October 31, 2023 was $50.60, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 6.3% for both periods. These compare with the 0.1% and 0.4% 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 bank borrowing, with the intent to enhance returns to common shareholders. As at October 31, 2023, the leverage represented 16.6% of CGI's net assets, up from 14.9% at the end of 2022 and 14.8% at October 31, 2022.

The closing price for CGI's common shares at October 31, 2023 was $32.58, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 2.0% and 6.7%, respectively.

The sector weightings of CGI's investment portfolio at market as of October 31, 2023 were as follows:

Information Technology	23.3%
Industrials	22.0%
Energy	13.3%
Materials	12.9%
Consumer Discretionary	11.7%
Financials	9.5%
Real Estate	4.3%
Communication Services	1.8%
Health Care	0.8%
Cash & Cash Equivalents	0.4%

The top ten investments which comprised 40.0% of the investment portfolio at market as of October 31, 2023 were as follows:

NVIDIA Corporation	7.1%
Canadian Pacific Kansas City Limited	4.6%
TFI International Inc.	4.4%
Apple Inc.	4.0%
Franco-Nevada Corporation	4.0%
WSP Global Inc.	3.5%
Mastercard Incorporated	3.3%
The Descartes Systems Group Inc.	3.3%
West Fraser Timber Co. Ltd.	3.2%
Enerplus Corporation	2.6%

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.canadiangeneralinvestments.ca

 

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