Canadian General Investments: Investment Update - Unaudited

Wednesday, April 3, 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 March 31, 2019 was $34.97 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 21.8% and 8.9%, respectively.  These compare with the 13.3% and 8.1% 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 March 31, 2019 was $24.30, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 19.5% and 7.2%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of March 31, 2019 were as follows:
 

Information Technology

19.8%

Materials

17.0%

Industrials

14.4%

Consumer Discretionary

14.0%

Financials

10.2%

Energy

9.3%

Health Care

5.4%

Cash & Cash Equivalents

4.6%

Communication Services

3.3%

Real Estate

1.2%

Utilities

0.8%

The top ten investments which comprised 36.8% of the investment portfolio at market as of March 31, 2019 were as follows:

Shopify Inc.

5.5%

Cash

4.6%

Air Canada

3.9%

Mastercard Incorporated, class A

3.8%

Canadian Pacific Railway Limited

3.6%

Franco-Nevada Corporation

3.3%

Bank of Montreal

3.1%

Amazon.com, Inc.

3.1%

First Quantum Minerals Ltd.

3.1%

Royal Bank of Canada

2.8%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729