Canadian General Investments: Investment Update - Unaudited

Monday, November 5, 2018
 
NEWS RELEASE TRANSMITTED BY GLOBENEWSWIRE
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.D
LONDON STOCK EXCHANGE: CGI
 
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, 2018 was $32.10, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -1.6% and 3.1%, respectively.  These compare with the -5.0% and -3.4% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
 
The closing price for CGI’s common shares at October 31, 2018 was $22.70, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -2.1% and 2.2%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of October 31, 2018 were as follows:
 

Information Technology

19.5%

Consumer Discretionary

17.5%

Materials

17.3%

Industrials

14.1%

Financials

10.9%

Energy

9.9%

Health Care

4.3%

Communication Services

3.3%

Real Estate

1.3%

Cash & Cash Equivalents

1.2%

Utilities

0.7%

The top ten investments which comprised 37.1% of the investment portfolio at market as of October 31, 2018 were as follows:

NVIDIA Corporation

4.6%

Amazon.com, Inc.

4.5%

Shopify Inc.

4.1%

Canadian Pacific Railway Limited

3.8%

Canada Goose Holdings Inc.

3.6%

Air Canada

3.5%

MasterCard Incorporated, class A

3.3%

Bank of Montreal

3.3%

Dollarama Inc.

3.2%

Franco-Nevada Corporation

3.2%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729