Canadian General Investments: Investment Update - Unaudited

Wednesday, November 5, 2014

 

NEWS RELEASE TRANSMITTED BY MARKETWIRED
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX SYMBOLS: CGI, CGI.PR.C, 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, 2014 was $27.10, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 7.0% and 14.6%, respectively.  These compare with the 9.9% and 12.6% 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, 2014 was $20.03, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 11.0% and 21.8%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of October 31, 2014 were as follows:

Financials

23.8%

Energy

18.9%

Industrials

16.0%

Consumer Discretionary

15.5%

Materials

11.0%

Information Technology

6.4%

Telecommunication Services

3.1%

Cash & Cash Equivalents

2.1%

Consumer Staples

1.3%

Utilities

1.0%

Health Care

0.9%

The top ten investments which comprised 31.6% of the investment portfolio at market as of October 31, 2014 were as follows:

Dollarama Inc.

5.0%

Canadian Pacific Railway Limited

4.3%

Enbridge Inc.

3.7%

Bank of Montreal

3.1%

Royal Bank of Canada

2.7%

Home Capital Group Inc.

2.6%

Element Financial Corporation

2.6%

Methanex Corporation

2.6%

Stantec Inc.

2.5%

West Fraser Timber Co. Ltd.

2.5%

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FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: cgifund@mmainvestments.com
website: www.canadiangeneralinvestments.ca