Canadian General Investments: Investment Update - Unaudited

Wednesday, January 6, 2016
 
NEWS RELEASE TRANSMITTED BY MARKETWIRED
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.C, 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, 2015 was $24.37, resulting in a one-year NAV return, with dividends reinvested, of -7.3%.  This compares with the -8.3% 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, 2015 was $18.75, resulting in an annual share price return, with dividends reinvested, of -2.7%.
 
The sector weightings of CGI’s investment portfolio at market as of December 31, 2015 were as follows:

Financials

22.4%

Consumer Discretionary

19.6%

Industrials

14.2%

Materials

13.4%

Energy

12.4%

Information Technology

6.7%

Telecommunication Services

3.1%

Cash & Cash Equivalents

2.6%

Health Care

2.4%

Consumer Staples

2.2%

Utilities

1.0%

The top ten investments which comprised 33.0% of the investment portfolio at market as of December 31, 2015 were as follows:

Dollarama Inc.

5.4%

CCL Industries Inc.

3.6%

Canadian Pacific Railway Limited

3.5%

Bank of Montreal

3.3%

Franco-Nevada Corporation

3.0%

Element Financial Corporation

3.0%

Open Text Corporation

2.8%

Enbridge Inc.

2.8%

Royal Bank of Canada

2.8%

Gildan Activewear Inc.

2.8%

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