Portfolio Update

Canadian General Investments Ld

05 September 2024

 

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX: CGI

LONDON STOCK EXCHANGE: CGI

September 5, 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 August 31, 2024 was $63.63 resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 15.8% and 12.4%, respectively. These compare with the 13.7% and 18.8% 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 August 31, 2024, the leverage represented 13.2% of CGI's net assets, down from 15.1% at the end of 2023 and 14.6% at August 31, 2023.

The closing price for CGI's common shares at August 31, 2024 was $38.05, resulting in year-to-date and 12-month share price returns, with dividends reinvested, of 11.8% and 6.2%, respectively.

The sector weightings of CGI's investment portfolio at market as of August 31, 2024 were as follows:

Information Technology	22.9%
Industrials	22.3%
Financials	13.5%
Materials	12.3%
Energy	12.3%
Consumer Discretionary	10.1%
Real Estate	4.4%
Communication Services	1.5%
Cash & Cash Equivalents	0.7%

The top ten investments which comprised 39.0% of the investment portfolio at market as of August 31, 2024 were as follows:

NVIDIA Corporation	6.9%
TFI International Inc.	4.6%
Canadian Pacific Kansas City Limited	4.2%
Apple Inc.	3.9%
The Descartes Systems Group Inc.	3.6%
WSP Global Inc.	3.5%
West Fraser Timber Co. Ltd.	3.3%
Franco-Nevada Corporation	3.1%
Mastercard Incorporated	3.1%
Dollarama Inc.	2.8%

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.canadiangeneralinvestments.ca

 

END