Canadian General Investments: Investment Update - Unaudited

Wednesday, December 4, 2024
 
NEWS RELEASE TRANSMITTED BY GLOBENEWSWIRE
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX: CGI
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 November 30, 2024 was $71.96 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 31.4% and 36.9%, respectively. These compare with the 25.8% and 30.7% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
 
The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at November 30, 2024, the leverage represented 13.3% of CGI’s net assets, down from 15.1% at the end of 2023 and 15.7% at November 30, 2023.
 
The closing price for CGI’s common shares at November 30, 2024 was $40.97,resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 21.1% and 22.6%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of November 30, 2024 were as follows:
 
Information Technology
24.6%
Industrials
23.3%
Financials
12.9%
Energy
12.2%
Materials
11.8%
Consumer Discretionary
9.5%
Real Estate
4.1%
Communication Services
0.9%
Cash & Cash Equivalents
0.7%
 
The top ten investments which comprised 38.1% of the investment portfolio at market as of November 30, 2024 were as follows:
 
NVIDIA Corporation
6.8%
TFI International Inc.
4.3%
The Descartes Systems Group Inc.
3.8%
Apple Inc.
3.7%
Canadian Pacific Kansas City Limited
3.6%
WSP Global Inc.
3.4%
West Fraser Timber Co. Ltd.
3.3%
Shopify Inc.
3.2%
Mastercard Incorporated
3.1%
Franco-Nevada Corporation
2.9%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729