Edison has issued a research review on Canadian General Investments.
Edison said: "Canadian General Investments (CGI) is a closed-end investment fund listed on both the TSX and LSE; it is registered as a Canadian investment corporation. CGI aims to outperform the benchmark S&P/TSX index by investing in an actively managed portfolio of primarily Canadian stocks.
"Given its diversified exposure to the Canadian equity market, CGI could be viewed as a 'one-stop shop' for investment in the country. It has a progressive dividend policy; emphasis has shifted to quarterly rather than year-end special dividends.
"The 2016 prospective yield is 3.6%. High share ownership by related parties ensures that management's and shareholders' interests are closely aligned - although it may also be a factor in the wider than average discount.
"CGI's current share price discount to net asset value of 31.3% is wider than the averages of the last one, three, five and 10 years. There is scope for the discount to narrow if CGI generates a sustained period of significant investment outperformance, or if there is a higher level of demand for Canadian equities.
"CGI has a progressive dividend policy, with a greater emphasis on regular quarterly rather than special final dividends. The prospective dividend yield for 2016 is 3.6%.
The full report is available at http://www.edisoninvestmentresearch.com/research/report/canadian-general-investments5/preview/?utm_source=edison&utm_medium=rns_reach&utm_campaign=canadiangeneralinvestments_19092016
At 1:46pm: (LON:CGI) Canadian General Investment Ltd share price was 0p at 1032.5p