Canadian General Investments: Investment Update - Unaudited

Wednesday, December 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 November 30, 2019 was $36.19 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 28.2% and 15.0%, respectively.  These compare with the 22.3% and 15.7% 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 November 30, 2019 was $24.30, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 22.5% and 13.6%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of November 30, 2019 were as follows:
 

Information Technology

25.3%

Industrials

19.1%

Materials

14.0%

Consumer Discretionary

13.1%

Financials

10.4%

Energy

7.7%

Communication Services

2.9%

Cash & Cash Equivalents

2.6%

Health Care

2.5%

Real Estate

1.6%

Utilities

0.8%

The top ten investments which comprised 39.1% of the investment portfolio at market as of November 30, 2019 were as follows:

Shopify Inc.

6.9%

Air Canada

5.6%

Mastercard Incorporated, class A

4.4%

Franco-Nevada Corporation

4.1%

Canadian Pacific Railway Limited

3.9%

Bank of Montreal

3.0%

Amazon.com, Inc.

2.9%

Royal Bank of Canada

2.9%

NVIDIA Corporation

2.8%

Cash

2.6%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729