Canadian General Investments: Investment Update - Unaudited

Friday, February 3, 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 January 31, 2017 was $28.40, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 1.5% and 28.0%, respectively.  These compare with the 0.8% and 23.6% 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 January 31, 2017 was $19.15, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -1.5% and 18.8%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of January 31, 2017 were as follows:

Materials

20.0%

Energy

18.5%

Consumer Discretionary

14.7%

Financials

13.3%

Industrials

12.2%

Information Technology

10.7%

Telecommunication Services

3.2%

Real Estate

2.6%

Consumer Staples

1.9%

Cash & Cash Equivalents

1.9%

Utilities

1.0%

The top ten investments which comprised 33.7% of the investment portfolio at market as of January 31, 2017 were as follows:

Dollarama Inc.

4.4%

First Quantum Minerals Ltd.

4.0%

Bank of Montreal

3.7%

Franco-Nevada Corporation

3.6%

Open Text Corporation

3.4%

Royal Bank of Canada

3.1%

Canadian Pacific Railway Limited

3.1%

NVIDIA Corporation

2.9%

Hudbay Minerals Inc.

2.8%

CCL Industries Inc.

2.7%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729