Source - LSE Regulatory
RNS Number : 2487F
Canadian General Investments Ld
06 July 2023
 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.D

LONDON STOCK EXCHANGE: CGI

 

July 6, 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 June 30, 2023 was $55.66, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 16.4% and 25.6%, respectively.  These compare with the 5.7% and 10.4% 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 June 30, 2023, the leverage represented 15.1% of CGI's net assets, up from 14.9% at the end of 2022 and down from 15.4% at June 30, 2022.

 

The closing price for CGI's common shares at June 30, 2023 was $34.78, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 8.2% and 11.7%, respectively.

 

The sector weightings of CGI's investment portfolio at market as of June 30, 2023 were as follows:

 

Information Technology

23.4%

Industrials

21.4%

Materials

16.4%

Consumer Discretionary

11.0%

Energy

10.2%

Financials

9.6%

Real Estate

4.7%

Communication Services

2.0%

Health Care

0.7%

Cash & Cash Equivalents

0.6%

 

The top ten investments which comprised 41.5% of the investment portfolio at market as of June 30, 2023 were as follows:

 

NVIDIA Corporation

7.0%

Canadian Pacific Kansas City Limited

4.6%

West Fraser Timber Co. Ltd.

4.3%

First Quantum Minerals Ltd.

4.2%

Franco-Nevada Corporation

4.1%

Apple Inc.

4.0%

TFI International Inc.

4.0%

The Descartes Systems Group Inc.

3.2%

WSP Global Inc.

3.1%

Mastercard Incorporated

3.0%

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian General Investments, Limited

Jonathan A. Morgan

President and CEO

Phone: (416) 366-2931

Fax: (416) 366-2729

e-mail: cgifund@mmainvestments.com

website: www.canadiangeneralinvestments.ca

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
PFUBUGDRGGGDGXL
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Canadian General Investments, LD (CGI)

0p (0.00%)
delayed 15:57PM