Canadian General Investments: Investment Update - Unaudited
06 December 2023 - 7:11AM
Canadian General Investments, Limited (CGI) (TSX:CGI) (LSE:
CGI) reports on an unaudited basis that its net asset value
per share (NAV) at November 30, 2023 was $53.38, resulting in
year-to-date and 12-month NAV returns, with dividends reinvested,
of 12.6% and 4.9%, respectively. These compare with the 7.5% and
2.3% 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 November 30, 2023, the leverage represented
15.7% of CGI’s net assets, up from 14.9% at the end of 2022 and
13.9% at November 30, 2022.
The closing price for CGI’s common shares at
November 30, 2023 was $34.30, resulting in year-to-date and
12-month share price returns, with dividends reinvested, of 8.2%
and 0.8%, respectively.
The sector weightings of CGI’s investment
portfolio at market as of November 30, 2023 were as follows:
Information Technology |
24.5% |
Industrials |
23.3% |
Energy |
13.1% |
Consumer
Discretionary |
10.8% |
Materials |
10.5% |
Financials |
10.0% |
Real
Estate |
4.4% |
Communication Services |
2.0% |
Health
Care |
0.8% |
Cash &
Cash Equivalents |
0.6% |
The top ten investments which comprised 38.8% of
the investment portfolio at market as of November 30, 2023 were as
follows:
NVIDIA Corporation |
6.7% |
TFI
International Inc. |
4.3% |
Canadian
Pacific Kansas City Limited |
4.3% |
Apple
Inc. |
4.1% |
WSP Global
Inc. |
3.4% |
The
Descartes Systems Group Inc. |
3.4% |
Franco-Nevada Corporation |
3.4% |
Mastercard
Incorporated |
3.4% |
West Fraser
Timber Co. Ltd. |
3.2% |
Shopify
Inc. |
2.6% |
FOR FURTHER INFORMATION PLEASE CONTACT: Jonathan
A. Morgan President & CEO Phone: (416) 366-2931 Fax: (416)
366-2729 e-mail: cgifund@mmainvestments.com website:
www.canadiangeneralinvestments.ca
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