Last checked at 
6 Mar 2024 07:00
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX: CGI
LONDON STOCK EXCHANGE: CGI
March 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 February 29, 2024 was $59.95, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 8.2% and 17.4%, respectively. These compare with the 2.4% and 9.2% 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 February 29, 2024, the leverage represented 14.0% of CGI's net assets, down from 15.1% at the end of 2023 and up from 13.8% at February 28, 2023.
The closing price for CGI's common shares at February 29, 2024 was $36.91, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 7.0% and 15.3%, respectively.
The sector weightings of CGI's investment portfolio at market as of February 29, 2024 were as follows:
Industrials | 24.7% |
Information Technology | 21.6% |
Financials | 13.3% |
Energy | 12.0% |
Consumer Discretionary | 10.4% |
Materials | 9.8% |
Real Estate | 4.3% |
Communication Services | 1.8% |
Cash & Cash Equivalents | 1.4% |
Consumer Staples | 0.7% |
The top ten investments which comprised 38.9% of the investment portfolio at market as of February 29, 2024 were as follows:
NVIDIA Corporation | 7.3% |
TFI International Inc. | 4.9% |
Canadian Pacific Kansas City Limited | 4.6% |
WSP Global Inc. | 3.5% |
Apple Inc. | 3.3% |
The Descartes Systems Group Inc. | 3.3% |
Mastercard Incorporated | 3.2% |
West Fraser Timber Co. Ltd. | 3.2% |
Franco-Nevada Corporation | 2.9% |
Amazon.com, 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