Canadian General Investments: Investment Update - Unaudited

Thursday, September 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 August 31, 2019 was $35.15 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 23.9% and -3.3%, respectively.  These compare with the 17.1% and 4.3% 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 August 31, 2019 was $23.96, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 19.8% and -4.9%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of August 31, 2019 were as follows:
 

Information Technology

24.6%

Industrials

18.3%

Consumer Discretionary

13.6%

Materials

13.3%

Financials

9.8%

Energy

7.9%

Health Care

3.7%

Cash & Cash Equivalents

3.6%

Communication Services

3.0%

Real Estate

1.4%

Utilities

0.8%

The top ten investments which comprised 40.1% of the investment portfolio at market as of August 31, 2019 were as follows:

Shopify Inc.

8.2%

Air Canada

5.2%

Mastercard Incorporated, class A

4.3%

Franco-Nevada Corporation

4.1%

Canadian Pacific Railway Limited

4.0%

Cash

3.6%

Amazon.com, Inc.

3.0%

Bank of Montreal

2.8%

Royal Bank of Canada

2.7%

NVIDIA Corporation

2.2%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729