Canadian General Investments: Investment Update - Unaudited

Wednesday, March 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 February 28, 2025 was $67.92 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -1.6% and 15.1%, respectively. These compare with the 3.1% and 22.5% 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 February 28, 2025, the leverage represented 14.1% of CGI’s net assets, up from 13.8% at the end of 2024 and 14.0% at February 29, 2024.
 
The closing price for CGI’s common shares at February 28, 2025 was $38.10, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -5.2% and 6.0%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of February 28, 2025 were as follows:
 

Information Technology

23.9%

Industrials

22.3%

Financials

14.3%

Materials

11.5%

Energy

11.3%

Consumer Discretionary

10.0%

Real Estate

4.2%

Cash & Cash Equivalents

1.9%

Communication Services

0.6%

The top ten investments which comprised 36.7% of the investment portfolio at market as of February 28, 2025 were as follows:

NVIDIA Corporation

4.2%

Canadian Pacific Kansas City Limited

4.0%

The Descartes Systems Group Inc.

4.0%

WSP Global Inc.

3.7%

Apple Inc.

3.7%

Franco-Nevada Corporation

3.7%

Mastercard Incorporated

3.7%

Shopify Inc.

3.4%

Celestica Inc.

3.3%

West Fraser Timber Co. Ltd.

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