Source - LSE Regulatory
RNS Number : 7159F
Canadian General Investments Ld
05 March 2024
 

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

 

                                 

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
 
 
PFUBCGDXXGGDGSU
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