Canadian General Investments: Investment Update - Unaudited
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 28, 2014 was $26.54, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 3.9% and 21.1%, respectively. These compare with the 4.8% and 14.3% 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 February 28, 2014 was $17.88, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -2.2% and 17.4%, respectively.
The sector weightings of CGI’s investment portfolio at market as of February 28, 2014 were as follows:
| Financials | 21.4% |
| Energy | 19.7% |
| Consumer Discretionary | 16.6% |
| Materials | 13.6% |
| Industrials | 13.0% |
| Information Technology | 6.1% |
| Telecommunication Services | 3.4% |
| Health Care | 2.9% |
| Consumer Staples | 1.5% |
| Utilities | 1.3% |
| Cash & Cash Equivalents | 0.9% |
The top ten investments which comprised 29.7% of the investment portfolio at market as of February 28, 2014 were as follows:
| Dollarama Inc. | 4.4% |
| Enbridge Inc. | 3.3% |
| Canadian Pacific Railway Limited | 3.2% |
| Methanex Corporation | 3.0% |
| Element Financial Corporation | 2.9% |
| Catamaran Corporation | 2.9% |
| Bank of Montreal | 2.8% |
| Royal Bank of Canada | 2.5% |
| Stantec Inc. | 2.4% |
| Brookfield Canada Office Properties | 2.3% |
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