Canadian General Investments: Investment Update - Unaudited

Tuesday, March 3, 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 February 29, 2020 was $34.80, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -5.3% and 4.2%, respectively.  These compare with the -4.3% and 4.9% 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 February 29, 2020 was $24.00, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -7.6% and 2.8%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of February 29, 2020 were as follows:
 

Information Technology

25.9%

Industrials

18.7%

Consumer Discretionary

14.6%

Materials

13.1%

Financials

9.8%

Energy

7.5%

Real Estate

3.0%

Communication Services

2.9%

Cash & Cash Equivalents

2.2%

Health Care

1.5%

Utilities

0.8%

The top ten investments which comprised 37.4% of the investment portfolio at market as of February 29, 2020 were as follows:

Shopify Inc.

6.2%

Franco-Nevada Corporation

4.6%

Canadian Pacific Railway Limited

4.2%

Mastercard Incorporated

4.1%

NVIDIA Corporation

3.6%

Air Canada

3.5%

Amazon.com, Inc.

3.2%

Bank of Montreal

2.8%

Royal Bank of Canada

2.7%

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