Canadian General Investments: Investment Update – Unaudited

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Canadian General Investments, Limited

TORONTO, Canada, July 04, 2024 (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 June 30, 2024 was $62.50, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 13.3% and 14.2%, respectively. These compare with the 6.1% and 12.1% 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 June 30, 2024, the leverage represented 13.4% of CGI’s net assets, down from 15.1% at the end of 2023 and at June 30, 2023.

The closing price for CGI’s common shares at June 30, 2024 was $35.91, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 4.8% and 6.1%, respectively.

The sector weightings of CGI’s investment portfolio at market as of June 30, 2024 were as follows:

Industrials

22.2

%

Information Technology

21.8

%

Financials

12.9

%

Energy

12.8

%

Materials

11.5

%

Consumer Discretionary

10.0

%

Real Estate

3.8

%

Cash & Cash Equivalents

3.5

%

Communication Services

1.5

%

The top ten investments which comprised 39.5% of the investment portfolio at market as of June 30, 2024 were as follows:

NVIDIA Corporation

7.4

%

TFI International Inc.

4.7

%

Canadian Pacific Kansas City Limited

4.2

%

Apple Inc.

3.7

%

The Descartes Systems Group Inc.

3.6

%

Cash

3.5

%

WSP Global Inc.

3.4

%

Franco-Nevada Corporation

3.2

%

West Fraser Timber Co. Ltd.

2.9

%

Mastercard Incorporated

2.9

%

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