Canadian General Investments: Investment Update - Unaudited

Wednesday, May 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 April 30, 2017 was $29.28, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 5.3% and 21.8%, respectively.  These compare with the 2.9% and 14.9% 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, 2017 was $20.65, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 7.1% and 21.6%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of April 30, 2017 were as follows:

Materials

19.7%

Consumer Discretionary

16.6%

Energy

16.2%

Financials

13.2%

Information Technology

13.1%

Industrials

11.3%

Telecommunication Services

3.4%

Real Estate

2.6%

Consumer Staples

2.0%

Cash & Cash Equivalents

1.3%

Utilities

1.0%

The top ten investments which comprised 34.2% of the investment portfolio at market as of April 30, 2017 were as follows:

Dollarama Inc.

5.2%

Franco-Nevada Corporation

3.9%

Bank of Montreal

3.5%

Open Text Corporation

3.5%

Canadian Pacific Railway Limited

3.2%

CCL Industries Inc.

3.1%

First Quantum Minerals Ltd.

3.1%

Royal Bank of Canada

3.0%

Amazon.com, Inc.

2.9%

NVIDIA Corporation

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