Canadian General Investments: Investment Update - Unaudited

Friday, January 4, 2019
 
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 December 31, 2018 was $28.87, resulting in a one-year NAV return, with dividends reinvested, of -10.9%.  This compares with the -8.9% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.
 
The closing price for CGI’s common shares at December 31, 2018 was $20.51, resulting in an annual share price return, with dividends reinvested, of -10.8%.
 
The sector weightings of CGI’s investment portfolio at market as of December 31, 2018 were as follows:
 

Materials

17.4%

Information Technology

16.9%

Consumer Discretionary

14.3%

Industrials

13.4%

Financials

11.0%

Cash & Cash Equivalents

9.2%

Energy

9.2%

Communication Services

3.7%

Health Care

2.8%

Real Estate

1.3%

Utilities

0.8%

The top ten investments which comprised 40.3% of the investment portfolio at market as of December 31, 2018 were as follows:

Cash

9.2%

Shopify Inc.

4.4%

Canadian Pacific Railway Limited

3.7%

Franco-Nevada Corporation

3.7%

Air Canada

3.6%

MasterCard Incorporated, class A

3.6%

Bank of Montreal

3.3%

Amazon.com, Inc.

3.1%

Royal Bank of Canada

3.0%

Canada Goose Holdings Inc.

2.7%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729