Last checked at 
6 Feb 2024 07:00
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