Canadian General Investments: Investment Update - Unaudited

Tuesday, November 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 October 31, 2019 was $34.71 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 22.3% and 10.7%, respectively.  These compare with the 18.1% and 13.2% 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 October 31, 2019 was $23.78, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 18.9% and 8.3%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of October 31, 2019 were as follows:
 

Information Technology

24.1%

Industrials

19.0%

Materials

14.4%

Consumer Discretionary

13.3%

Financials

10.5%

Energy

7.5%

Cash & Cash Equivalents

3.3%

Health Care

3.0%

Communication Services

2.9%

Real Estate

1.5%

Utilities

0.8%

The top ten investments which comprised 39.2% of the investment portfolio at market as of October 31, 2019 were as follows:

Shopify Inc.

6.7%

Air Canada

5.5%

Mastercard Incorporated, class A

4.3%

Franco-Nevada Corporation

4.1%

Canadian Pacific Railway Limited

3.8%

Cash

3.3%

Amazon.com, Inc.

3.0%

Bank of Montreal

3.0%

Royal Bank of Canada

2.9%

NVIDIA Corporation

2.6%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729