Portfolio Update

Canadian General Investments Ld

04 July 2024

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

July 4, 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 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: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.canadiangeneralinvestments.ca

 

END