Portfolio Update

Canadian General Investments Ld

03 May 2024

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

May 3, 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 April 30, 2024 was $60.73, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 9.6% and 15.4%, respectively. These compare with the 4.7% and 8.7% 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 April 30, 2024, the leverage represented 13.8% of CGI's net assets, down from 15.1% at the end of 2023 and 15.7% at April 30, 2023.

The closing price for CGI's common shares at April 30, 2024 was $37.10, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 7.6% and 13.8%, respectively.

The sector weightings of CGI's investment portfolio at market as of April 30, 2024 were as follows:

Industrials	23.2%
Information Technology	21.0%
Energy	14.3%
Financials	13.2%
Materials	11.1%
Consumer Discretionary	9.9%
Real Estate	3.9%
Cash & Cash Equivalents	1.8%
Communication Services	1.6%

The top ten investments which comprised 37.8% of the investment portfolio at market as of April 30, 2024 were as follows:

NVIDIA Corporation	7.1%
TFI International Inc.	4.3%
Canadian Pacific Kansas City Limited	4.3%
The Descartes Systems Group Inc.	3.5%
WSP Global Inc.	3.4%
Franco-Nevada Corporation	3.3%
Apple Inc.	3.1%
Mastercard Incorporated	3.1%
West Fraser Timber Co. Ltd.	3.0%
Amazon.com, Inc.	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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