Canadian General Investments: Investment Update - Unaudited

Thursday, April 3, 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 March 31, 2025 was $63.60 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -7.9% and 2.8%, respectively. These compare with the 1.5% and 15.8% 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 March 31, 2025, the leverage represented 15.1% of CGI’s net assets, up from 13.8% at the end of 2024 and 13.4% at March 31, 2024.
 
The closing price for CGI’s common shares at March 31, 2025 was $36.30, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -9.7% and -1.1%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of March 31, 2025 were as follows:
 
Information Technology
21.9%
Industrials
21.6%
Financials
14.2%
Materials
12.7%
Energy
12.0%
Consumer Discretionary
10.2%
Real Estate
4.2%
Cash & Cash Equivalents
2.6%
Communication Services
0.6%
 
The top ten investments which comprised 36.1% of the investment portfolio at market as of March 31, 2025 were as follows:
 
Franco-Nevada Corporation
4.3%
NVIDIA Corporation
3.9%
Canadian Pacific Kansas City Limited
3.8%
The Descartes Systems Group Inc.
3.8%
WSP Global Inc.
3.8%
Mastercard Incorporated
3.7%
Apple Inc.
3.6%
Dollarama Inc.
3.1%
Shopify Inc.
3.1%
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