Canadian General Investments: Investment Update - Unaudited

Monday, May 5, 2025
 
NEWS RELEASE TRANSMITTED BY GLOBENEWSWIRE
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX: CGI
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, 2025 was $61.88 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -10.4% and 3.5%, respectively. These compare with the 1.4% and 17.8% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
 
The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders. As at April 30, 2025, the leverage represented 15.5% of CGI’s net assets, up from 13.8% at the end of 2024 and at April 30, 2024.
 
The closing price for CGI’s common shares at April 30, 2025 was $35.25, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -12.3% and -2.4%, respectively.
 
The sector weightings of CGI’s investment portfolio at market as of April 30, 2025 were as follows:
 

Information Technology

21.9%

Industrials

21.2%

Financials

14.5%

Materials

13.6%

Energy

11.4%

Consumer Discretionary

9.8%

Real Estate

4.2%

Cash & Cash Equivalents

2.8%

Communication Services

0.6%

The top ten investments which comprised 36.6% of the investment portfolio at market as of April 30, 2025 were as follows:

Franco-Nevada Corporation

4.6%

The Descartes Systems Group Inc.

3.9%

Canadian Pacific Kansas City Limited

3.9%

WSP Global Inc.

3.9%

NVIDIA Corporation

3.8%

Mastercard Incorporated

3.7%

Dollarama Inc.

3.5%

Apple Inc.

3.4%

Constellation Software Inc.

3.0%

West Fraser Timber Co. Ltd.

2.9%
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729