Canadian General Investments: Investment Update - Unaudited

Thursday, January 5, 2017
 
NEWS RELEASE TRANSMITTED BY MARKETWIRED
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 December 31, 2016 was $27.98 resulting in a one-year NAV return, with dividends reinvested, of 18.2%.  This compares with the 21.1% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.
 
The closing price for CGI’s common shares at December 31, 2016 was $19.45, resulting in an annual share price return, with dividends reinvested, of 8.2%.
 
The sector weightings of CGI’s investment portfolio at market as of December 31, 2016 were as follows:

Energy

20.7%

Materials

18.3%

Consumer Discretionary

15.0%

Financials

13.3%

Industrials

12.2%

Information Technology

10.4%

Telecommunication Services

3.1%

Real Estate

2.2%

Consumer Staples

2.0%

Cash & Cash Equivalents

1.9%

Utilities

0.9%

The top ten investments which comprised 32.2% of the investment portfolio at market as of December 31, 2016 were as follows:

Dollarama Inc.

4.4%

Bank of Montreal

3.6%

Franco-Nevada Corporation

3.5%

First Quantum Minerals Ltd.

3.3%

Open Text Corporation

3.2%

Royal Bank of Canada

3.0%

Canadian Pacific Railway Limited

3.0%

NVIDIA Corporation

2.9%

CCL Industries Inc.

2.7%

Enbridge Inc.

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