Canadian General Investments: Investment Update - Unaudited

Wednesday, April 4, 2018
 
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 March 31, 2018 was $32.83, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -0.4% and 16.6%, respectively.  These compare with the -4.5% and 1.7% 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 March 31, 2018 was $23.40, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -0.6% and 16.5%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of March 31, 2018 were as follows:
 

Materials

20.9%

Consumer Discretionary

17.1%

Information Technology

14.0%

Industrials

13.8%

Financials

13.6%

Energy

11.6%

Telecommunication Services

2.9%

Health Care

2.7%

Real Estate

1.2%

Utilities

0.8%

Consumer Staples

0.8%

Cash & Cash Equivalents

0.6%

The top ten investments which comprised 36.9% of the investment portfolio at market as of March 31, 2018 were as follows:

NVIDIA Corporation

4.8%

Dollarama Inc.

4.5%

Amazon.com, Inc.

3.9%

First Quantum Minerals Ltd.

3.9%

Air Canada

3.7%

Shopify Inc.

3.6%

Franco-Nevada Corporation

3.3%

Bank of Montreal

3.2%

Canadian Pacific Railway Limited

3.1%

Royal Bank of Canada

2.9%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729