Canadian General Investments: Investment Update - Unaudited

Thursday, October 3, 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 September 30, 2019 was $34.58 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 21.9% and -4.1%, respectively.  These compare with the 19.1% and 7.1% 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 September 30, 2019 was $24.33, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 21.6% and -1.7%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of September 30, 2019 were as follows:
 

Information Technology

23.2%

Industrials

18.3%

Consumer Discretionary

14.0%

Materials

13.7%

Financials

10.6%

Energy

8.3%

Health Care

3.3%

Cash & Cash Equivalents

3.3%

Communication Services

3.0%

Real Estate

1.5%

Utilities

0.8%

The top ten investments which comprised 38.3% of the investment portfolio at market as of September 30, 2019 were as follows:

Shopify Inc.

6.7%

Air Canada

5.1%

Mastercard Incorporated, class A

4.2%

Franco-Nevada Corporation

3.9%

Canadian Pacific Railway Limited

3.8%

Cash

3.3%

Bank of Montreal

3.0%

Amazon.com, Inc.

3.0%

Royal Bank of Canada

2.9%

The Descartes Systems Group Inc.

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