Canadian General Investments: Investment Update - Unaudited

Wednesday, February 5, 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 January 31, 2025 was $70.79 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 2.1% and 26.3%, respectively. These compare with the 3.5% and 25.2% 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 January 31, 2025, the leverage represented 13.5% of CGI’s net assets, down from 13.8% at the end of 2024 and 14.7% at January 31, 2024.
 
The closing price for CGI’s common shares at January 31, 2025 was $39.75, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -1.8% and 14.0%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of January 31, 2025 were as follows:
 

Information Technology

23.7%

Industrials

22.7%

Financials

13.9%

Energy

11.7%

Materials

11.4%

Consumer Discretionary

9.9%

Real Estate

4.2%

Cash & Cash Equivalents

1.9%

Communication Services

0.6%

The top ten investments which comprised 37.0% of the investment portfolio at market as of January 31, 2025 were as follows:

The Descartes Systems Group Inc.

4.0%

TFI International Inc.

4.0%

Canadian Pacific Kansas City Limited

4.0%

NVIDIA Corporation

3.9%

Celestica Inc.

3.7%

Apple Inc.

3.5%

Shopify Inc.

3.5%

WSP Global Inc.

3.5%

Mastercard Incorporated

3.5%

Franco-Nevada Corporation

3.4%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729