Canadian General Investments: Investment Update - Unaudited

Wednesday, September 6, 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 August 31, 2017 was $29.46, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 7.3% and 17.3%, respectively.  These compare with the 1.3% and 7.2% 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 August 31, 2017 was $21.60, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 13.9% and 22.8%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of August 31, 2017 were as follows:
 

Materials

21.5%

Consumer Discretionary

15.1%

Information Technology

15.0%

Energy

14.0%

Financials

13.1%

Industrials

12.5%

Telecommunication Services

3.4%

Consumer Staples

1.9%

Cash & Cash Equivalents

1.3%

Real Estate

1.2%

Utilities

1.0%

The top ten investments which comprised 36.0% of the investment portfolio at market as of August 31, 2017 were as follows:

Dollarama Inc.

5.3%

Franco-Nevada Corporation

4.2%

NVIDIA Corporation

4.2%

First Quantum Minerals Ltd.

3.5%

Air Canada

3.5%

Shopify Inc.

3.3%

Bank of Montreal

3.2%

Royal Bank of Canada

3.0%

Open Text Corporation

2.9%

Canadian Pacific Railway Limited

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