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Portfolio Update

4th Aug 2023 07:00

RNS Number : 2872I
Canadian General Investments Ld
03 August 2023
 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

 

August 3, 2023

 

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 July 31, 2023 was $58.05, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 21.4% and 19.2%, respectively. These compare with the 8.4% and 8.2% 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 July 31, 2023, the leverage represented 14.5% of CGI's net assets, down from 14.9% at the end of 2022 and up from 14.0% at July 31, 2022.

 

The closing price for CGI's common shares at July 31, 2023 was $36.40, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 13.3% and 12.8%, respectively.

 

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

 

Information Technology

22.7%

Industrials

21.7%

Materials

16.8%

Energy

10.8%

Consumer Discretionary

10.8%

Financials

9.7%

Real Estate

4.3%

Communication Services

1.8%

Cash & Cash Equivalents

0.7%

Health Care

0.7%

 

The top ten investments which comprised 41.7% of the investment portfolio at market as of July 31, 2023 were as follows:

 

NVIDIA Corporation

6.8%

First Quantum Minerals Ltd.

5.1%

Canadian Pacific Kansas City Limited

4.5%

TFI International Inc.

4.3%

West Fraser Timber Co. Ltd.

4.1%

Franco-Nevada Corporation

4.0%

Apple Inc.

3.9%

WSP Global Inc.

3.1%

The Descartes Systems Group Inc.

3.0%

Mastercard Incorporated

2.9%

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: (416) 366-2931

Fax: (416) 366-2729

e-mail: [email protected]

website: www.canadiangeneralinvestments.ca

 

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END
 
 
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Related Shares:

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