Canadian General Investments: Investment Update - Unaudited

Thursday, July 4, 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 June 30, 2019 was $36.09 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 26.5% and 3.3%, respectively.  These compare with the 16.2% and 3.9% 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 June 30, 2019 was $25.30, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 25.4% and 4.7%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of June 30, 2019 were as follows:
 

Information Technology

23.2%

Industrials

17.0%

Materials

15.1%

Consumer Discretionary

13.5%

Financials

9.9%

Energy

8.5%

Health Care

5.1%

Communication Services

3.1%

Cash & Cash Equivalents

2.6%

Real Estate

1.2%

Utilities

0.8%

The top ten investments which comprised 37.0% of the investment portfolio at market as of June 30, 2019 were as follows:

Shopify Inc.

7.5%

Air Canada

4.5%

Mastercard Incorporated, class A

3.9%

Canadian Pacific Railway Limited

3.8%

Franco-Nevada Corporation

3.5%

Amazon.com, Inc.

3.1%

Bank of Montreal

2.9%

Royal Bank of Canada

2.8%

Cash

2.6%

First Quantum Minerals Ltd.

2.4%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729