Canadian General Investments: Investment Update - Unaudited

Tuesday, August 6, 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 July 31, 2019 was $36.55 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 28.1% and 4.7%, respectively.  These compare with the 16.6% 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 July 31, 2019 was $24.87, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 23.3% and 2.8%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of July 31, 2019 were as follows:
 

Information Technology

23.5%

Industrials

18.0%

Materials

14.2%

Consumer Discretionary

14.0%

Financials

10.0%

Energy

8.3%

Health Care

4.3%

Communication Services

2.9%

Cash & Cash Equivalents

2.8%

Real Estate

1.3%

Utilities

0.7%

The top ten investments which comprised 37.6% of the investment portfolio at market as of July 31, 2019 were as follows:

Shopify Inc.

7.3%

Air Canada

5.1%

Mastercard Incorporated, class A

4.0%

Canadian Pacific Railway Limited

3.9%

Franco-Nevada Corporation

3.6%

Amazon.com, Inc.

3.0%

Bank of Montreal

2.9%

Cash

2.8%

Royal Bank of Canada

2.7%

First Quantum Minerals Ltd.

2.3%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729