Canadian General Investments: Investment Update - Unaudited

Thursday, May 3, 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 April 30, 2018 was $33.58, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 1.9% and 17.5%, respectively.  These compare with the -2.8% and 3.1% 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 April 30, 2018 was $23.30, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -1.0% and 16.7%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of April 30, 2018 were as follows:
 

Materials

20.9%

Consumer Discretionary

17.2%

Information Technology

13.9%

Industrials

13.6%

Financials

13.3%

Energy

12.6%

Telecommunication Services

3.0%

Health Care

2.3%

Real Estate

1.2%

Utilities

0.7%

Consumer Staples

0.7%

Cash & Cash Equivalents

0.6%

The top ten investments which comprised 36.6% of the investment portfolio at market as of April 30, 2018 were as follows:

NVIDIA Corporation

4.6%

Dollarama Inc.

4.2%

Amazon.com, Inc.

4.1%

First Quantum Minerals Ltd.

3.9%

Shopify Inc.

3.7%

Air Canada

3.4%

Franco-Nevada Corporation

3.4%

Canadian Pacific Railway Limited

3.2%

Bank of Montreal

3.2%

Norbord Inc.

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