Le Lézard
Classified in: Business
Subject: SHAREHOLDER RIGHTS PLANS

Canadian General Investments: Investment Update - Unaudited


TORONTO, Canada, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI) (TSX:CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at October 31, 2023 was $50.60, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 6.3% for both periods. These compare with the 0.1% and 0.4% 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 October 31, 2023, the leverage represented 16.6% of CGI's net assets, up from 14.9% at the end of 2022 and 14.8% at October 31, 2022.

The closing price for CGI's common shares at October 31, 2023 was $32.58, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 2.0% and 6.7%, respectively.

The sector weightings of CGI's investment portfolio at market as of October 31, 2023 were as follows:

 Information Technology23.3% 
 Industrials22.0% 
 Energy13.3% 
 Materials12.9% 
 Consumer Discretionary11.7% 
 Financials9.5% 
 Real Estate4.3% 
 Communication Services1.8% 
 Health Care0.8% 
 Cash & Cash Equivalents0.4% 


The top ten investments which comprised 40.0% of the investment portfolio at market as of October 31, 2023 were as follows:

 NVIDIA Corporation7.1% 
 Canadian Pacific Kansas City Limited4.6% 
 TFI International Inc.4.4% 
 Apple Inc.4.0% 
 Franco-Nevada Corporation4.0% 
 WSP Global Inc.3.5% 
 Mastercard Incorporated3.3% 
 The Descartes Systems Group Inc.3.3% 
 West Fraser Timber Co. Ltd.3.2% 
 Enerplus Corporation2.6% 


FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: [email protected]
website: www.canadiangeneralinvestments.ca



These press releases may also interest you

at 09:38
Velocity, A Managed Solutions Company (Velocity), is a technology provider specializing in voice, data, and connectivity solutions. Through its Velocity Media division, which specializes in operating and monetizing a leading digital out-of-home...

at 09:37
Pye-Barker Fire & Safety ? the largest fully integrated and full-service fire protection, life safety and security services provider in the United States ? has acquired USA Security Services, boosting Pye-Barker's delivery of full-service fire and...

at 09:34
Echo Global Logistics, Inc. ("Echo"), a leading provider of technology-enabled transportation and supply chain management services, has officially opened a new, larger office in Kansas City. Designed to accommodate the company's growing team, the new...

at 09:34
Appier (TSE: 4180), the AI-powered SaaS...

at 09:32
? Today, CAE has been identified as a strategic partner to the Government of Canada to work with the Royal Canadian Air Force (RCAF) to design and co-develop the Future Fighter Lead-in Training (FFLIT) program, which will prepare and train pilots to...

at 09:30
MedWatch, an industry leader for white-glove concierge member advocacy and support services, was recently selected to support a next-generation negotiated rate calculation and pricing solution, providing healthcare stakeholders evidence-based,...



News published on and distributed by: