Le Lézard
Classified in: Business
Subject: MUTUAL FUNDS

Canadian General Investments: Investment Update - Unaudited


TORONTO, Canada, April 03, 2024 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI) (TSX:CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at March 31, 2024 was $62.80, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 13.4% and 22.2%, respectively. These compare with the 6.6% and 14.0% 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 March 31, 2024, the leverage represented 13.4% of CGI's net assets, down from 15.1% at the end of 2023 and 16.0% at March 31, 2023.

The closing price for CGI's common shares at March 31, 2024 was $37.69, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 9.3% and 17.3%, respectively.

The sector weightings of CGI's investment portfolio at market as of March 31, 2024 were as follows:

Industrials24.7%
Information Technology21.0%
Energy13.5%
Financials13.0%
Materials10.6%
Consumer Discretionary9.6%
Real Estate4.2%
Cash & Cash Equivalents1.8%
Communication Services1.6%


The top ten investments which comprised 39.0% of the investment portfolio at market as of March 31, 2024 were as follows:

NVIDIA Corporation7.1%
TFI International Inc.5.1%
Canadian Pacific Kansas City Limited4.6%
WSP Global Inc.3.6%
The Descartes Systems Group Inc.3.3%
West Fraser Timber Co. Ltd.3.3%
Mastercard Incorporated3.2%
Franco-Nevada Corporation3.1%
Apple Inc.3.0%
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        

 



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