Canadian General Investments: Investment Update - Unaudited

Friday, November 3, 2017
 
NEWS RELEASE TRANSMITTED BY GLOBENEWSWIRE
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 October 31, 2017 was $31.85, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 16.0% and 23.0%, respectively.  These compare with the 7.3% and 11.5% 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 October 31, 2017 was $22.94, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 21.0% and 32.2%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of October 31, 2017 were as follows:
 

Materials

20.5%

Consumer Discretionary

16.2%

Information Technology

15.1%

Financials

13.6%

Energy

13.4%

Industrials

13.3%

Telecommunication Services

3.3%

Real Estate

1.1%

Cash & Cash Equivalents

1.0%

Utilities

0.9%

Consumer Staples

0.8%

Health Care

0.8%

The top ten investments which comprised 37.2% of the investment portfolio at market as of October 31, 2017 were as follows:

Dollarama Inc.

5.8%

NVIDIA Corporation

4.9%

Franco-Nevada Corporation

4.0%

Air Canada

3.6%

Bank of Montreal

3.3%

First Quantum Minerals Ltd.

3.2%

Canadian Pacific Railway Limited

3.2%

Open Text Corporation

3.1%

Amazon.com, Inc.

3.1%

Royal Bank of Canada

3.0%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729