Portfolio Update

RNS Number : 7866L
Canadian General Investments Ld
04 August 2011
 



NEWS RELEASE TRANSMITTED BY MARKETWIRE

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

 

TSX SYMBOLS: CGI, CGI.PR.B, CGI.PR.C

LONDON STOCK EXCHANGE: CGI

 

August 4, 2011

 

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 July 31, 2011 was $22.34, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -6.6% and 21.1%, respectively.  These compare with the -2.3% and 13.4% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.

 

The closing price for CGI's common shares at July 31, 2011 was $17.34, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -9.0% and 21.0%, respectively.

 

The sector weightings of CGI's investment portfolio at market as of July 31, 2011 were as follows:

 

Energy

26.0%

Materials

25.0%

Financials

16.3%

Consumer Discretionary

9.5%

Information Technology

6.9%

Industrials

6.5%

Cash & Cash Equivalents

4.1%

Utilities

2.6%

Telecommunication Services

2.2%

Consumer Staples

0.9%

 

The top ten investments which comprised 32.9% of the investment portfolio at market as of July 31, 2011 were as follows:

 

Labrador Iron Ore Royalty Corporation

4.6%

BMTC Group Inc.

4.4%

Cash

4.1%

SXC Health Solutions Corp.

3.5%

Pacific Rubiales Energy Corp.

3.0%

Brookfield Office Properties Canada

3.0%

Enbridge Inc.

2.7%

Bank of Montreal

2.7%

Apple Inc.

2.6%

Franco-Nevada Corporation

2.3%

 

 



-30-

 

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian General Investments, Limited

Jonathan A. Morgan

President and CEO

Phone: (416) 366-2931

Fax: (416) 366-2729

e-mail: cgifund@mmainvestments.com

website: www.mmainvestments.com

 

 

                                                 

                                                                                                                     


This information is provided by RNS
The company news service from the London Stock Exchange
 
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