Canadian General Investments: Investment Update - Unaudited

Thursday, January 4, 2018
 
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 December 31, 2017 was $33.14, resulting in a one-year NAV return, with dividends reinvested, of 21.5%.  This compares with the 9.1% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.
 
The closing price for CGI’s common shares at December 31, 2017 was $23.73, resulting in an annual share price return, with dividends reinvested, of 26.3%.
 
The sector weightings of CGI’s investment portfolio at market as of December 31, 2017 were as follows:
 

Materials

21.1%

Consumer Discretionary

16.3%

Industrials

13.7%

Financials

13.3%

Energy

13.1%

Information Technology

12.9%

Telecommunication Services

3.2%

Health Care

2.8%

Real Estate

1.2%

Consumer Staples

0.9%

Utilities

0.8%

Cash & Cash Equivalents

0.7%

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

Dollarama Inc.

4.5%

NVIDIA Corporation

3.9%

First Quantum Minerals Ltd.

3.8%

Franco-Nevada Corporation

3.8%

Air Canada

3.5%

Bank of Montreal

3.3%

Canadian Pacific Railway Limited

3.1%

Amazon.com, Inc.

3.0%

Royal Bank of Canada

3.0%

Shopify 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