Canadian General Investments: Investment Update - Unaudited

Thursday, August 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 July 31, 2017 was $29.33, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 6.1% and 16.2%, respectively.  These compare with the 0.7% and 6.8% 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 July 31, 2017 was $21.18, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 10.8% and 20.9%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of July 31, 2017 were as follows:

Materials

19.6%

Energy

15.5%

Consumer Discretionary

15.4%

Information Technology

14.8%

Financials

13.2%

Industrials

12.0%

Telecommunication Services

3.4%

Cash & Cash Equivalents

2.0%

Consumer Staples

1.9%

Real Estate

1.2%

Utilities

1.0%

The top ten investments which comprised 34.7% of the investment portfolio at market as of July 31, 2017 were as follows:

Dollarama Inc.

5.3%

NVIDIA Corporation

4.0%

Franco-Nevada Corporation

3.7%

Bank of Montreal

3.4%

First Quantum Minerals Ltd.

3.3%

Open Text Corporation

3.1%

Air Canada

3.0%

Royal Bank of Canada

3.0%

Canadian Pacific Railway Limited

3.0%

CCL Industries Inc.

2.9%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729