Canadian General Investments: Investment Update - Unaudited

Thursday, November 3, 2016
 
NEWS RELEASE TRANSMITTED BY MARKETWIRED
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 October 31, 2016 was $26.65 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 11.5% and 7.2%, respectively.  These compare with the 16.5% and 12.7% 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 October 31, 2016 was $18.06, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -1.0% and 1.7%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of October 31, 2016 were as follows:
 

Energy

19.0%

Materials

18.3%

Consumer Discretionary

17.6%

Financials

14.1%

Industrials

11.8%

Information Technology

9.3%

Telecommunication Services

3.3%

Real Estate

2.3%

Consumer Staples

2.3%

Utilities

1.1%

Cash & Cash Equivalents

0.9%

The top ten investments which comprised 34.2% of the investment portfolio at market as of October 31, 2016 were as follows:

Dollarama Inc.

5.8%

Franco-Nevada Corporation

3.9%

Bank of Montreal

3.3%

Open Text Corporation

3.3%

First Quantum Minerals Ltd.

3.3%

CCL Industries Inc.

3.2%

Canadian Pacific Railway Limited

3.1%

Royal Bank of Canada

2.9%

Enbridge Inc.

2.8%

Amazon.com, Inc.

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