Canadian General Investments: Investment Update - Unaudited

Monday, January 6, 2025
 
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 December 31, 2024 was $69.32, resulting in a one-year NAV return, with dividends reinvested, of 26.6%.  This compares with the 21.6% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.
 
The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at December 31, 2024, the leverage represented 13.8% of CGI’s net assets, down from 15.1% at the end of 2023.
 
The closing price for CGI’s common shares at December 31, 2023 was $40.48, resulting in an annual share price return, with dividends reinvested, of 19.6%.
 
The sector weightings of CGI’s investment portfolio at market as of December 31, 2024 were as follows:
 

Industrials

23.4%

Information Technology

23.0%

Financials

13.4%

Energy

12.3%

Materials

11.2%

Consumer Discretionary

9.7%

Real Estate

4.2%

Cash & Cash Equivalents

2.1%

Communication Services

0.7%

The top ten investments which comprised 36.3% of the investment portfolio at market as of December 31, 2024 were as follows:

NVIDIA Corporation

4.5%

TFI International Inc.

4.1%

The Descartes Systems Group Inc.

4.0%

Apple Inc.

3.8%

Canadian Pacific Kansas City Limited

3.6%

WSP Global Inc.

3.6%

Mastercard Incorporated

3.3%

Shopify Inc.

3.2%

West Fraser Timber Co. Ltd.

3.2%

Franco-Nevada Corporation

3.0%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729