Portfolio Update

Canadian General Investments Ld

04 January 2024

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

January 4, 2024

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 December 31, 2023 was $55.63, resulting in a one-year NAV return, with dividends reinvested, of 17.4%.  This compares with the 11.8% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.

The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at December 31, 2023, the leverage represented 15.1% of CGI's net assets, up from 14.9% at the end of 2022.

The closing price for CGI's common shares at December 31, 2023 was $34.73, resulting in an annual share price return, with dividends reinvested, of 9.5%.

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

Industrials	25.3%
Information Technology	21.9%
Energy	12.4%
Financials	10.8%
Consumer Discretionary	10.8%
Materials	10.7%
Real Estate	4.6%
Communication Services	2.0%
Cash & Cash Equivalents	0.8%
Health Care	0.7%

The top ten investments which comprised 36.6% of the investment portfolio at market as of December 31, 2023 were as follows:

NVIDIA Corporation	4.7%
TFI International Inc.	4.7%
Canadian Pacific Kansas City Limited	4.5%
Apple Inc.	3.7%
West Fraser Timber Co. Ltd.	3.5%
The Descartes Systems Group Inc.	3.3%
WSP Global Inc.	3.3%
Franco-Nevada Corporation	3.2%
Mastercard Incorporated	3.0%
Bank of Montreal	2.7%

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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