Canadian General Investments: Investment Update - Unaudited

Wednesday, May 4, 2016
 
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 April 30, 2016 was $24.75, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 2.3% and -9.0%, respectively.  These compare with the 8.4% and -5.4% 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 April 30, 2016 was $17.70, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -4.7% and -9.0%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of April 30, 2016 were as follows:

Financials

20.5%

Consumer Discretionary

19.3%

Materials

18.9%

Energy

15.9%

Industrials

12.7%

Information Technology

5.6%

Telecommunication Services

3.2%

Consumer Staples

2.0%

Utilities

1.1%

Cash & Cash Equivalents

1.0%

Health Care

0.3%

The top ten investments which comprised 33.4% of the investment portfolio at market as of April 30, 2016 were as follows:

Dollarama Inc.

5.6%

Franco-Nevada Corporation

4.2%

Bank of Montreal

3.4%

CCL Industries Inc.

3.3%

Canadian Pacific Railway Limited

3.1%

Open Text Corporation

3.0%

Royal Bank of Canada

2.9%

Gildan Activewear Inc.

2.7%

Enbridge Inc.

2.6%

First Quantum Minerals Ltd.

2.6%

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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