Portfolio Update

Canadian General Investments Ld

04 October 2023

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

October 4, 2023

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, 2023 was $54.29, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 14.0% and 22.1%, respectively. These compare with the 3.4% and 9.5% 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, 2023, the leverage represented 15.4% of CGI's net assets, up from 14.9% at the end of 2022 and down from 15.9% at September 30, 2022.

The closing price for CGI's common shares at September 30, 2023 was $35.63, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 11.6% and 23.1%, respectively.

The sector weightings of CGI's investment portfolio at market as of September 30, 2023 were as follows:

Information Technology	22.6%
Industrials	22.3%
Materials	15.7%
Energy	11.9%
Consumer Discretionary	11.2%
Financials	9.4%
Real Estate	4.4%
Communication Services	1.7%
Cash & Cash Equivalents	0.6%
Health Care	0.5%

The top ten investments which comprised 41.3% of the investment portfolio at market as of September 30, 2023 were as follows:

NVIDIA Corporation	6.9%
TFI International Inc.	4.7%
Canadian Pacific Kansas City Limited	4.4%
First Quantum Minerals Ltd.	4.4%
Franco-Nevada Corporation	4.0%
Apple Inc.	3.7%
West Fraser Timber Co. Ltd.	3.6%
WSP Global Inc.	3.4%
Mastercard Incorporated	3.2%
The Descartes Systems Group Inc.	3.0%

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.canadiangeneralinvestments.ca

 

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