Canadian General Investments: Investment Update - Unaudited

Friday, March 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 February 28, 2017 was $28.43, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 2.2% and 31.3%, respectively.  These compare with the 1.1% and 23.2% 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 February 28, 2017 was $19.90, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 3.2% and 26.5%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of February 28, 2017 were as follows:

Materials

19.9%

Energy

18.1%

Consumer Discretionary

15.1%

Financials

13.7%

Industrials

11.9%

Information Technology

10.9%

Telecommunication Services

3.1%

Real Estate

2.6%

Consumer Staples

1.9%

Cash & Cash Equivalents

1.9%

Utilities

0.9%

The top ten investments which comprised 32.9% of the investment portfolio at market as of February 28, 2017 were as follows:

Dollarama Inc.

4.5%

Bank of Montreal

3.7%

Franco-Nevada Corporation

3.6%

First Quantum Minerals Ltd.

3.3%

Open Text Corporation

3.3%

Royal Bank of Canada

3.2%

Canadian Pacific Railway Limited

3.0%

CCL Industries Inc.

2.8%

Hudbay Minerals Inc.

2.8%

NVIDIA Corporation

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