FOR: CANADIAN GENERAL INVESTMENTS,
LIMITED
TSX: CGI
LONDON STOCK EXCHANGE: CGI
February 5, 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 January 31, 2024 was $56.94,
resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 2.4% and 9.4%, respectively. These compare with the
0.6% and 4.6% 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 January 31, 2024, the
leverage represented 14.7% of CGI's net assets, down from 15.1% at
the end of 2023 and up from 13.6% at January 31, 2023.
The closing price for CGI's common shares at January
31, 2024 was $35.80, resulting in year-to-date and 12-month share
price returns, with dividends reinvested, of 3.1% and 9.7%,
respectively.
The sector weightings of CGI's investment portfolio
at market as of January 31, 2024 were as follows:
Industrials
|
24.1%
|
Information Technology
|
21.2%
|
Financials
|
13.5%
|
Energy
|
12.1%
|
Consumer Discretionary
|
10.7%
|
Materials
|
10.3%
|
Real Estate
|
4.6%
|
Communication Services
|
1.9%
|
Cash & Cash
Equivalents
|
0.8%
|
Consumer Staples
|
0.8%
|
The top ten investments which comprised 37.7%
of the investment portfolio at market as of January 31, 2024 were
as follows:
NVIDIA Corporation
|
5.9%
|
Canadian Pacific Kansas City
Limited
|
4.6%
|
TFI International Inc.
|
4.5%
|
Apple Inc.
|
3.5%
|
The Descartes Systems Group
Inc.
|
3.5%
|
WSP Global Inc.
|
3.4%
|
West Fraser Timber Co.
Ltd.
|
3.3%
|
Mastercard Incorporated
|
3.2%
|
Franco-Nevada Corporation
|
3.1%
|
Shopify Inc.
|
2.7%
|
FOR FURTHER INFORMATION PLEASE
CONTACT:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail:
cgifund@mmainvestments.com
website: www.canadiangeneralinvestments.ca