Canadian General Investments: Investment Update - Unaudited

Wednesday, April 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 March 31, 2017 was $28.87, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 3.8% and 24.1%, respectively.  These compare with the 2.4% and 18.6% 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 March 31, 2017 was $20.77, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 7.8% and 20.6%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of March 31, 2017 were as follows:

Materials

19.2%

Energy

17.5%

Consumer Discretionary

16.3%

Financials

13.6%

Information Technology

12.4%

Industrials

11.3%

Telecommunication Services

3.2%

Real Estate

2.6%

Consumer Staples

1.9%

Cash & Cash Equivalents

1.0%

Utilities

1.0%

The top ten investments which comprised 33.9% of the investment portfolio at market as of March 31, 2017 were as follows:

Dollarama Inc.

4.9%

Franco-Nevada Corporation

3.7%

Bank of Montreal

3.7%

First Quantum Minerals Ltd.

3.4%

Open Text Corporation

3.4%

Royal Bank of Canada

3.2%

Canadian Pacific Railway Limited

3.0%

NVIDIA Corporation

2.9%

CCL Industries Inc.

2.9%

Amazon.com, Inc.

2.8%

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