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 May 31, 2025 was $66.73 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -3.0% and 9.4%, respectively. These compare with the 7.0% and 21.0% 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 May 31, 2025, the leverage represented 14.4% of CGI’s net assets, up from 13.8% at the end of 2024 and 13.5% at May 31, 2024.
The closing price for CGI’s common shares at May 31, 2025 was $37.71, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of -5.5% and 4.0%, respectively.
The sector weightings of CGI’s investment portfolio at market as of May 31, 2025 were as follows:
|
Information Technology |
22.6% |
|
Industrials |
21.4% |
|
Financials |
14.4% |
|
Materials |
13.1% |
|
Energy |
11.8% |
|
Consumer Discretionary |
9.5% |
|
Real Estate |
4.0% |
|
Cash & Cash Equivalents |
2.6% |
|
Communication Services |
0.6% |
The top ten investments which comprised 37.1% of the investment portfolio at market as of May 31, 2025 were as follows:
|
NVIDIA Corporation |
4.4% |
|
Franco-Nevada Corporation |
4.2% |
|
WSP Global Inc. |
4.1% |
|
Canadian Pacific Kansas City Limited |
4.0% |
|
The Descartes Systems Group Inc. |
4.0% |
|
Mastercard Incorporated |
3.6% |
|
Celestica Inc. |
3.5% |
|
Dollarama Inc. |
3.4% |
|
Apple Inc. |
3.0% |
|
Shopify Inc. |
2.9% |