Portfolio Update
Source: RNS
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX: CGI
LONDON STOCK EXCHANGE: CGI
November 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 October 31, 2024 was $66.42 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 20.9% and 33.5%, respectively. These compare with the 18.2% and 32.1% 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 October 31, 2024, the leverage represented 14.4% of CGI's net assets, down from 15.1% at the end of 2023 and 16.6% at October 31, 2023.
The closing price for CGI's common shares at October 31, 2024 was $39.75, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 16.8% and 25.3%, respectively.
The sector weightings of CGI's investment portfolio at market as of October 31, 2024 were as follows:
|
Information Technology |
24.0% |
|
Industrials |
22.7% |
|
Financials |
13.3% |
|
Materials |
12.4% |
|
Energy |
12.3% |
|
Consumer Discretionary |
9.6% |
|
Real Estate |
4.2% |
|
Communication Services |
1.0% |
|
Cash & Cash Equivalents |
0.5% |
The top ten investments which comprised 39.3% of the investment portfolio at market as of October 31, 2024 were as follows:
|
NVIDIA Corporation |
7.6% |
|
TFI International Inc. |
4.1% |
|
Canadian Pacific Kansas City Limited |
3.9% |
|
Apple Inc. |
3.8% |
|
WSP Global Inc. |
3.7% |
|
The Descartes Systems Group Inc. |
3.6% |
|
Franco-Nevada Corporation |
3.4% |
|
West Fraser Timber Co. Ltd. |
3.3% |
|
Mastercard Incorporated |
3.1% |
|
Dollarama Inc. |
2.8% |
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
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.
