Canadian General Investments: Investment Update - Unaudited

Monday, January 6, 2020
 
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 December 31, 2019 was $36.98, resulting in a one-year NAV return, with dividends reinvested, of 31.0%.  This compares with the 22.9% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.
 
The closing price for CGI’s common shares at December 31, 2019 was $26.21, resulting in an annual share price return, with dividends reinvested, of 32.1%.
 
The sector weightings of CGI’s investment portfolio at market as of December 31, 2019 were as follows:
 

Information Technology

22.9%

Industrials

19.0%

Consumer Discretionary

14.8%

Materials

14.4%

Financials

10.0%

Energy

8.5%

Communication Services

2.9%

Real Estate

2.8%

Cash & Cash Equivalents

2.2%

Health Care

1.7%

Utilities

0.8%

The top ten investments which comprised 35.5% of the investment portfolio at market as of December 31, 2019 were as follows:

Shopify Inc.

4.9%

Air Canada

4.7%

Franco-Nevada Corporation

4.1%

Canadian Pacific Railway Limited

4.0%

Mastercard Incorporated, class A

3.9%

Bank of Montreal

2.9%

Amazon.com, Inc.

2.9%

NVIDIA Corporation

2.9%

Royal Bank of Canada

2.7%

First Quantum Minerals Ltd.

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