Canadian General Investments: Investment Update - Unaudited

Tuesday, March 5, 2019
 
NEWS RELEASE TRANSMITTED BY GLOBENEWSWIRE
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.D
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, 2019 was $34.18, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 19.1% and 5.8%, respectively.  These compare with the 12.2% and 6.9% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
 
The closing price for CGI’s common shares at February 28, 2019 was $24.15, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 18.7% and 4.8%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of February 28, 2019 were as follows:
 

Information Technology

17.7%

Materials

16.8%

Industrials

14.5%

Consumer Discretionary

14.0%

Financials

10.7%

Energy

9.4%

Cash & Cash Equivalents

6.1%

Health Care

5.4%

Communication Services

3.3%

Real Estate

1.3%

Utilities

0.8%

The top ten investments which comprised 38.0% of the investment portfolio at market s of February 28, 2019 were as follows:

Cash

6.1%

Shopify Inc.

5.0%

Air Canada

4.0%

Canadian Pacific Railway Limited

3.6%

Mastercard Incorporated, class A

3.6%

Franco-Nevada Corporation

3.3%

Bank of Montreal

3.3%

First Quantum Minerals Ltd.

3.1%

Canopy Growth Corporation

3.0%

Canada Goose Holdings Inc.

3.0%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729