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Canadian General Investments, Limited (CGI) issued an unaudited investment update on October 3, 2024, for the period ending September 30, 2024. As of September 30, 2024, its net asset value per share (NAV) was $65.37, with year-to-date and 12-month NAV returns of 18.9% and 22.4% respectively. The common share closing price was $39.95, and leverage stood at 12.8% of net assets, down from 15.1% at the end of 2023.
| Date | 3 Oct 2024 |
| Time | 15:58:03 |
| Category | Corporate updates |
| ID | 8834G |
FOR: CANADIAN GENERAL INVESTMENTS, LIMITED
TSX: CGI
LONDON STOCK EXCHANGE: CGI
October 3, 2024
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 September 30, 2024 was $65.37 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 18.9% and 22.4%, respectively. These compare with the 17.2% and 26.7% 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 September 30, 2024, the leverage represented 12.8% of CGI's net assets, down from 15.1% at the end of 2023 and 15.4% at September 30, 2023.
The closing price for CGI's common shares at September 30, 2024 was $39.95, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 17.4% and 15.2%, respectively.
The sector weightings of CGI's investment portfolio at market as of September 30, 2024 were as follows:
|
Information Technology |
23.0% |
|
Industrials |
22.2% |
|
Financials |
13.6% |
|
Materials |
13.1% |
|
Energy |
11.9% |
|
Consumer Discretionary |
10.0% |
|
Real Estate |
4.4% |
|
Communication Services |
1.5% |
|
Cash & Cash Equivalents |
0.3% |
The top ten investments which comprised 39.4% of the investment portfolio at market as of September 30, 2024 were as follows:
|
NVIDIA Corporation |
7.0% |
|
Canadian Pacific Kansas City Limited |
4.3% |
|
TFI International Inc. |
4.2% |
|
Apple Inc. |
3.9% |
|
WSP Global Inc. |
3.7% |
|
The Descartes Systems Group Inc. |
3.6% |
|
West Fraser Timber Co. Ltd. |
3.6% |
|
Franco-Nevada Corporation |
3.2% |
|
Mastercard Incorporated |
3.1% |
|
Dollarama Inc. |
2.8% |
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