Canadian General Investments: Investment Update - Unaudited

Wednesday, June 5, 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 May 31, 2019 was $34.44 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 20.7% and 0.1%, respectively.  These compare with the 13.4% and 3.0% 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 May 31, 2019 was $24.11, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 19.5% and 3.1%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of May 31, 2019 were as follows:
 

Information Technology

23.0%

Industrials

17.3%

Materials

14.4%

Consumer Discretionary

13.6%

Financials

10.3%

Energy

9.1%

Health Care

4.7%

Communication Services

3.3%

Cash & Cash Equivalents

2.2%

Real Estate

1.3%

Utilities

0.8%

The top ten investments which comprised 38.1% of the investment portfolio at market as of May 31, 2019 were as follows:

Shopify Inc.

7.5%

Air Canada

4.8%

Mastercard Incorporated, class A

4.1%

Canadian Pacific Railway Limited

3.9%

Franco-Nevada Corporation

3.5%

Amazon.com, Inc.

3.2%

Bank of Montreal

3.1%

Royal Bank of Canada

2.9%

Canopy Growth Corporation

2.6%

The Descartes Systems Group Inc.

2.5%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729